AndrewJin
ELITE MEMBER
- Joined
- Feb 23, 2015
- Messages
- 14,904
- Reaction score
- 23
- Country
- Location
Allianz Global Wealth Report 2015
Gross financial assets in Asia had risen to EUR 34.1 trillion by the end of 2014
The gross financial assets of private households in Asia rose to the equivalent of EUR 34.1 trillion in 2014. Although the rate of growth was down slightly on the previous year at 11.5% (2013: 12.6%), this was the strongest increase in an international comparison. As a result, the proportion of total global financial assets attributable to Asian households rose further, meaning that, by the end of 2014, the 3.2 billion or so inhabitants of the ten Asian countries included in our analysis held one quarter of the world‘s financial assets.
Financial asset growth down slightly year-on-year in some countries
China grabs the top spot from Japan
Due to the variation in growth momentum from country to country and, not least, also owing to exchange rate trends over the past two years, China overtook Japan for the first time in 2014 to become the country with the highest gross private household financial assets in Asia. Expressed in euros, these assets tallied up to EUR 14.2 trillion, or 41.7% of the region‘s total financial assets. The gross financial assets of Japanese households came to around EUR 12.1 trillion, or 35.3% of the Asian total. The assets of the other eight countries in our analysis made up just under 25%, with households in South Korea holding 6.4% and those in Taiwan 6.1%. Private households in India, the most populous country in the world after China with almost 1.3 billion inhabitants, had total assets of EUR 1.3 trillion at the end of 2014, which equates to only 3.9% of the region‘s total gross financial assets.
Singapore boasts the highest per capita financial assets
So the distribution of the financial assets of private households ultimately also hints at how mature an individual economy is. As a result, the fact that Chinese households as a whole have since managed to save the highest volume of gross financial assets should not distract us from the reality that per capita financial assets in China, which did not surpass the EUR 10,000 mark until 2014 (when they reached the equivalent of EUR 10,200), are still lingering below the regional average of around EUR 10,600, just like per capita financial assets in Thailand (EUR 5,900), Indonesia (EUR 1,160) and India (EUR 1,040). In this respect, and as in the previous year, the leader of the regional pack is Singapore. By the end of 2014, gross per capita financial assets here had risen to around EUR 106,620, more than 10 times as high as in China and more than 100 times as high as in India. Singapore was followed by Japan and Taiwan, with average assets corresponding to the equivalent of around 105 EUR 95,000 and EUR 88,000 respectively.
Highest per capita net assets in Japan
@Yizhi @Shotgunner51 @TaiShang @Stranagor @cirr @Keel @Jlaw @Place Of Space @FairAndUnbiased @zeronet @Raphael @sweetgrape @Edison Chen @Chinese Bamboo @Chinese-Dragon @cnleio @+4vsgorillas-Apebane @onebyone @yusheng @Kyle Sun @dy1022 @Beast @YoucanYouup @terranMarine @ahojunk @kuge@Economic superpower @Beidou2020 @cirr @JSCh @jkroo @Pangu @ChineseTiger1986 @powastick @onebyone @kankan326 @badguy2000 @TianyaTaiwan @ahtan_china @ChineseTiger1986 @powastick @empirefighter @hexagonsnow @xuxu1457 @sword1947 @tranquilium @55100864 @Sommer @HongWu002 @Speeder 2 @Dungeness @utp45 @StarCraft_ZT2 @Martian2 @Jguo @Arryn @rott @TheTruth @Dungeness @immortalsoul @beijingwalker @xunzi @Obambam @ahtan_china @bolo @bobsm @kuge @Nan Yang @70U63 @CAPRICORN-88 @Daniel808 @Abotani @somsak @liubang @21stCentury @Hu Songshan @XiaoYaoZi @utp45 @sword1947 @HongWu002 @TheTruth et al
Gross financial assets in Asia had risen to EUR 34.1 trillion by the end of 2014
The gross financial assets of private households in Asia rose to the equivalent of EUR 34.1 trillion in 2014. Although the rate of growth was down slightly on the previous year at 11.5% (2013: 12.6%), this was the strongest increase in an international comparison. As a result, the proportion of total global financial assets attributable to Asian households rose further, meaning that, by the end of 2014, the 3.2 billion or so inhabitants of the ten Asian countries included in our analysis held one quarter of the world‘s financial assets.
Financial asset growth down slightly year-on-year in some countries
China grabs the top spot from Japan
Due to the variation in growth momentum from country to country and, not least, also owing to exchange rate trends over the past two years, China overtook Japan for the first time in 2014 to become the country with the highest gross private household financial assets in Asia. Expressed in euros, these assets tallied up to EUR 14.2 trillion, or 41.7% of the region‘s total financial assets. The gross financial assets of Japanese households came to around EUR 12.1 trillion, or 35.3% of the Asian total. The assets of the other eight countries in our analysis made up just under 25%, with households in South Korea holding 6.4% and those in Taiwan 6.1%. Private households in India, the most populous country in the world after China with almost 1.3 billion inhabitants, had total assets of EUR 1.3 trillion at the end of 2014, which equates to only 3.9% of the region‘s total gross financial assets.
Singapore boasts the highest per capita financial assets
So the distribution of the financial assets of private households ultimately also hints at how mature an individual economy is. As a result, the fact that Chinese households as a whole have since managed to save the highest volume of gross financial assets should not distract us from the reality that per capita financial assets in China, which did not surpass the EUR 10,000 mark until 2014 (when they reached the equivalent of EUR 10,200), are still lingering below the regional average of around EUR 10,600, just like per capita financial assets in Thailand (EUR 5,900), Indonesia (EUR 1,160) and India (EUR 1,040). In this respect, and as in the previous year, the leader of the regional pack is Singapore. By the end of 2014, gross per capita financial assets here had risen to around EUR 106,620, more than 10 times as high as in China and more than 100 times as high as in India. Singapore was followed by Japan and Taiwan, with average assets corresponding to the equivalent of around 105 EUR 95,000 and EUR 88,000 respectively.
Highest per capita net assets in Japan
@Yizhi @Shotgunner51 @TaiShang @Stranagor @cirr @Keel @Jlaw @Place Of Space @FairAndUnbiased @zeronet @Raphael @sweetgrape @Edison Chen @Chinese Bamboo @Chinese-Dragon @cnleio @+4vsgorillas-Apebane @onebyone @yusheng @Kyle Sun @dy1022 @Beast @YoucanYouup @terranMarine @ahojunk @kuge@Economic superpower @Beidou2020 @cirr @JSCh @jkroo @Pangu @ChineseTiger1986 @powastick @onebyone @kankan326 @badguy2000 @TianyaTaiwan @ahtan_china @ChineseTiger1986 @powastick @empirefighter @hexagonsnow @xuxu1457 @sword1947 @tranquilium @55100864 @Sommer @HongWu002 @Speeder 2 @Dungeness @utp45 @StarCraft_ZT2 @Martian2 @Jguo @Arryn @rott @TheTruth @Dungeness @immortalsoul @beijingwalker @xunzi @Obambam @ahtan_china @bolo @bobsm @kuge @Nan Yang @70U63 @CAPRICORN-88 @Daniel808 @Abotani @somsak @liubang @21stCentury @Hu Songshan @XiaoYaoZi @utp45 @sword1947 @HongWu002 @TheTruth et al
Last edited:
