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HSBC Survey: HK Residents Become Multimillionaires by Age 39 on Avg.
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HSBC released its “HSBC Premier 2025 Affluent Survey”, which suggested that Hong Kong millionaires typically became multimillionaires before the age of 39, taking an average of about eight years to magnify their assets from HK$1 million to HK$10 million. Notably, one in every 13 respondents held at least HK$10 million in liquid assets, highlighting the wealth strength of Hong Kong's high-end clientele. The survey also reflected a mainstream trend of self-reliance: nearly 70% of respondents started from scratch and accumulated wealth primarily through investments, business profits, interest income, and rental income. Multimillionaires typically exhibited more mature financial habits, including using leverage to enhance investment returns. They tended to allocate a larger proportion of their wealth to investments with higher return potential, such as stocks and investment funds, while also emphasizing the allocation to protective products. Compared to general investors, multimillionaires were more inclined to invest in alternative assets, which not only offered higher return potential but also had relatively low correlation with traditional markets. In wealth management, they adopted a more comprehensive perspective, with over 90% of respondents valuing intergenerational planning and focusing on passing wealth to their grandchildren. AASTOCKS Financial News Website: www.aastocks.com |
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