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Overview

New Coverage of the Asia Wealth Market

Built on the global World Wealth Report, now in its 12th year, the 2008 Asia-Pacific Wealth Report seeks to understand the behaviour of HNWIs and the responses of wealth management providers in nine Asia-Pacific markets; Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan. 

The wealth of Asia-Pacific HNWIs totalled US$9.5 trillion in 2007 with India (22.7%), China (20.3%) and South Korea (18.9%) showing the fastest-growing HNWI populations and calls out Vietnam and Thailand as the next areas for growth. In addition, the Asia-Pacific region is enjoying some of the fastest growth rates in the world, with both GDP expansion and stock market performance well above global averages. While growth prospects in the near term may be compromised by the global slowdown, the long-term potential of the Asia-Pacific HNWI marketplace remains strong with economies continuing to generate real and sustainable wealth on an unprecedented scale. Finally the report shows how competition for high-net-worth clients has prompted wealth management providers to look more closely at Emerging-HNWIs and Ultra-HNWIs, two groups which experienced significant growth both in terms of numbers and their combined wealth in 2007.

The report is available in English, Korean, Traditional Chinese and Simplified Chinese.

World Wealth Report — Fast-Breaking Headlines

• World wealth grows 9.4% to US$40.7 trillion with average HNWI wealth surpassing US$4 million for the first time
• North America: Growth Slows in 2007 As Cooling Housing Market, Tight Credit, and Financial Market Turmoil Converge
• Europe: U.S. Downturn Affects Mature Economies; Sharp Increases in Commodity & Gas Prices Benefit Russia, Eastern Europe
• Asia-Pacific: HNWI Population & Wealth Boom in India & China
• Trends show clients in growth markets require flexible service models
• As environmental awareness rises, Green Investing gains traction

From the World Wealth Report

For a complete story on global wealth trends, download the comprehensive edition of the 2008 World Wealth Report published earlier this year.