“2018 China Emerging Middle Class Wealth White Paper” release

Up Financial Service Collaborates with Forbes to Interpret the New Middle Class

Beijing, China - January 12, 2018 /PressReleaseAgency/ —

On January 10, an extraordinary press conference was held at the Conrad Beijing Hotel. Together with the leading technology finance companies in China, Forbes co-sponsored the "White Paper on the Emerging Middle Class Wealth 2018" (hereinafter referred to as the "White Paper"), in which from four aspects, namely the crowd appearance, wealth conditions, asset allocation and lifestyle, it reveals the wealth conditions, life style, inherent behavior and investment motivation of the emerging middle class so as to provide new ideas and reference directions for the inspection of wealth information of emerging middle class, and integrated financial services for emerging middle class wealth accumulation.

Mr. Yin Zhentao, deputy director of Law and Finance Research Institute of Institute of Finance, Chinese Academy of Social Sciences, Mr. Kang Jian, chief editor of Forbes China, Mr. Jinyuan Fu, founder and CEO of Up Financial Service, Mr. Chenglong and Zhuomo, cutting-edge economists, middle class spokesmen and writerGuo Cheng attended attended the conference and witnessed the official release of the "White Paper."

With the rapid development of Chinese economy and the rapid accumulation of household wealth, "middle class" group is growing, appears in the form of a new class and has become the backbone of the social structure of China today. In the "White Paper" co-published by Forbes and Up Financial Service, a comprehensive analysis of age, gender, educational level and occupation has been conducted and the emerging middle class has been interpreted as a new social group.

According to the "White Paper" report, the emerging middle class in China tend to be younger in general. They are mainly engaged in mental work. They mainly live on salaries and bonuses with a high degree of education and they have received specialized training. Thus intellectual capital has brought them more wealth and social status. Among them, the proportions of men and women are 54% and 46% respectively, and the 80s account for 78% and 80% respectively.

As mentioned in the "White Paper", wage and bonuses constitute the major source of emerging middle class income, followed by business operations and dividends. Emerging middle class have a higher enthusiasm for financial products and their wealth from financial products investment is more than that from real estate.

In response to this phenomenon, participants who attended the "White Paper" conference conducted in-depth analysis and discussion. Forbes China editor-in-chief Mr. Kang Jian has made an interpretation on the consumerism, behavior and life philosophy of the emerging middle class. He said: "there is a huge market potential for the emerging middle class and they represent a vibrant and evolving world in the future." Yuan Chenglong, founder and CEO of Up Financial Service, believes that "emerging middle class are an inevitable outcome of social and economic development, pregnant with enormous social energy and as the cornerstone of the" pyramid".

During the conference roundtable discussion, Yin Zhentao, deputy director of the Law and Finance Research Institute of the Institute of Finance of the Chinese Academy of Social Sciences, Wei Wei, partner and COO of Up Financial Service, Chenglong and Zhuomo, cutting-edge economists, middle class spokesmen and writer Guo Cheng joined as the four distinguished guests in the roundtable discussion. They also discussed the emerging wealth situation in the middle class. 

Contact Info:
Name: Media Relations
Organization: Up Financial

For more information, please visit https://www.xiangshang360.cn/xweb/index

Source: PressReleaseAgency

Release ID: 287051

More News From thedailyfeeder.com

Egypt raises 'extreme concern' about Nile dam with Ethiopia

Jan 18, 2018

CAIRO — Egypt's president on Thursday expressed his "extreme concern" to Ethiopia's visiting prime minister over the lack of progress in talks on the impact of a massive upstream dam that Egypt fears could cut into its vital share of the Nile. President Abdel-Fattah el-Sissi has warned that Egypt's share of the Nile, which provides nearly all its freshwater, is a red line. But he has also sought to reassure Ethiopia and Sudan that Egypt has no intention of going to war. El-Sissi was grim-faced during most of a news conference he jointly addressed with Prime Minister Hailemariam Desalegn after...

Emirates throws Airbus A380 a lifeline with $16 billion deal

Jan 18, 2018

DUBAI, United Arab Emirates — The Middle East's largest airline, Emirates, is throwing Airbus a lifeline for its troubled A380 jumbo jet. The carrier said Thursday it struck a deal with Airbus to buy 20 of its A380 double-decker jets, with the option to buy 16 more, in a deal worth $16 billion. Airbus had said earlier this week that if it didn't close the deal with Emirates, it would end production altogether of the jet. The plane has been difficult to sell in part because of its unusually large size, which can be hard to fill and requires bigger...

The Latest: Fire damages Peru chapel ahead of Pope's arrival

Jan 18, 2018

IQUIQUE, Chile — The Latest on Pope Francis' visit to South America (all times local): 10:15 a.m. A small chapel in southern Peru has sustained minor fire damage in what church officials believe is the latest act of vandalism against religious buildings during Pope Francis' trip to the region. Patrol officers in the city of Arequipa discovered the front door of the chapel in flames around 3:40 a.m. and quickly extinguished the blaze. The door was charred black, but no other part of 100-year-old building was damaged. Authorities are investigating what caused the blaze. A preliminary theory is someone threw...

Amazon narrows list to 20 for its second headquarters

Jan 18, 2018

NEW YORK — Amazon, which is on the hunt for a second home, said Thursday that it narrowed its choices to 20 locations from the 238 proposals it received. The online retailer kicked off its hunt for a place to build a second headquarters in September, sparking a fierce competition among cities across North America looking to lure Amazon and its promise of 50,000 new jobs and construction spending of more than $5 billion. The company plans to remain in its sprawling Seattle headquarters and the second home base will be "a full equal" to it, founder and CEO Jeff...

US stock indexes edge lower in early trade; oil prices slide

Jan 18, 2018

U.S. stock indexes edged lower in early trading Thursday, pulling back slightly from the market's latest record highs. Losses by health care stocks and other sectors were outweighing gains by technology companies. Energy stocks also fell as crude oil prices declined. KEEPING SCORE: The Standard & Poor's 500 index fell 3 points, or 0.1 percent, to 2,799 as of 10:14 a.m. Eastern Time. The Dow Jones industrial average slid 49 points, or 0.2 percent, to 26,065. The Nasdaq lost 20 points, or 0.3 percent, to 7,278. The Russell 2000 index of smaller-company stocks gave up 3 points, or 0.2 percent,...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH