Chinanews, Shanghai, Apr. 27 – Compared with high-income earners in large cities of other Asian countries, it seems that Shanghai people are most willing to establish their own companies. They are also more interested in new finance management products, according to a recent report released by HSBC, the Shanghai Morning Post reported.

 

HSBC entrusted ACNielsen to do the survey. With the survey, it tries to find out how high-income group will manage their financial assets.

 

Apart from Shanghai, the survey also covered high-income people in Hong Kong, Mumbai, Singapore and Sydney. It shows that 72% of the respondents in Shanghai place “owning their own company” as the most decisive factor on the list, while 62% of the people pick “money” and 54% choose “property.”

 

In fact, high-income earners in these five cities have very different pursuits in their minds. So a unified finance management plan will by far not to enough to meet people’s different requirements, nor for a particular person in a region or for a region as a whole, said Catherine Huo, chief of the Personal Finance Management at HSBC in China.

 

The survey also shows that 52% of the respondents in Shanghai once listened to advice from finance consultants, and 29% are planning to do so. 58% of the people in Shanghai like to choose banks to do finance management services for them, while 20% of the people prefer investment companies to do these things. Another 19% of the people choose insurance companies.

 

Among the five cities, Shanghai people are most interested in new finance management products, as 59% of the people say they would like to obtain information about new finance management products from financial institutions.

 

Although most Shanghai people are confident in their ability of making money, 72% of the respondents in Shanghai feel that they still need to learn a lot more on how to manage their assets properly.