- China's 'Sex and The City'
- China's 'Super Consumers'
- Chinese are global luxury shoppers
- Still shopping Luxe
- CNY Travelling : 太太's go luxe shopping
- For Rich Chinese, Health is the New Wealth
- Luxury Brands Battle for China’s Younger Consumer
- Asian cities dominate Top 20 Rich List
- Over two-thirds of luxury shopping by Mainlanders is done Overseas
- China Wealth Report 2013 - Group M & Hurun
- Hurun 2014 Wealth Survey
- Flash, Dash, Lots of Ca$h
- Crazy Rich Asians, the book
- Chinese consumer - global shopper
- A woman's handbag is her greatest asset
- Crazy Rich Asians, the Book
- Big Fat Chinese Wedding
- Rise of the Asian model...
- Asian aim for luxury, Americans look for 'deals'
There were 2.7 million high net worth individuals (HNWI) in China, and the burgeoning group is forecasted to grow to 2.8 million, equivalent to a 140% increase, by 2015
GroupM Knowledge - Hurun Wealth Report 2012
Rich and Super-Rich Broken Down by Region
No. of Millionaires*
Increase of Indiv.
No. of Super Rich**
Increase of Indiv.
The number of HNWIs in Hong Kong increased by just over 26% in 2012 and was equal to nearly 233,220. The combined value of their wealth was worth around USD 1.1 billion, with almost 40% of their wealth held abroad. In 2012, the real estate asset class captured a 35.6% share of Hong Kong’s total HNWI assets, which made it the dominant asset class. It was followed by business interests, equities and cash. In the same year, the number of UHNWIs was 3,308, with each holding around USD 104 million on average.
The number of HNWIs in Hong Kong will likely increase by 29% between 2013 and 2017, climbing to approximately 339,700 by the end of the forecast period. The HNWIs’ wealth is poised to grow by 34% through 2017 and amount to USD 1.7 billion by 2017. Source
Below the super-rich, Forbes counts 10.3m Chinese as wealthy
Saturday, 30 March, 2013 [UPDATED: 06:11]
NEW WEALTH of CHINA
Quote by Ken Kwan, author of Crazy Rich Asians
IF SHOPPING WERE AN OLYMPIC EVENT,
- U.S. retailers pushed to relax rules for the Chinese to visit to facilitate visas so that they could come to spend money at retailers.
- The average Chinese tourist spends $6,000 while in the U.S. according to the Commerce Department. -- 2012 BUSINESS WEEK BLOOMBERG
- Wealthy Chinese spent ~$7.2 billion during their spring holidays abroad this year, a study by the World Luxury Association was reported by the Shanghai Daily.
Chinese tourists accounted for 62 percent of Europe's luxury sales, a 12 percent year-on-year rise.
Hong Kong, Macau, Taiwan and North America were the favourite destinations for Chinese travellers.
The country spent $12.6 billion last year on luxury products, excluding private jets, yachts and cars, representing 28 percent of the global figure. -- 2012 February 2 SIFI NEWS
- That's our good friend Yolanda with Karl Lagerfield. She graced the cover of Tatler in April. >> MORE
Harrods, like everyone, is now setting out its stall for the Chinese: it has hired 60 Mandarin-speaking assistants. In the first quarter of 2011, its sales to this community were up year on year by 40%: it seems they’re as happy as the rest of the world to buy global bling wrapped in the signifiers of tourist-board Old England. >> MORE
New & Young Chinese Money
Keen for the New Rich Chinese
GREATER CHINA HEADS GLOBAL - The Other Way
Asians account for ~ 50% of LVMH's sales
'At this point in time we are missing demand from the Asian part of the world, which is obviously a key driver," Mr Guiony said, adding that consumers from the region account for about 50 per cent of Vuitton sales. LVMH raised Vuitton prices by about 12 per cent in Japan and by 3 per cent to 4.5 per cent in other parts of the world in the quarter, the CFO said. -2013 April 18 BUSINESS TIMES