“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

Prince Harry and Meghan expecting their 1st child in spring

Oct 15, 2018

CANBERRA, Australia — Prince Harry and his wife, the Duchess of Sussex, are expecting their first child in the spring, Kensington Palace said Monday. The announcement came hours after Harry and the former Meghan Markle arrived in Sydney at the start of a 16-day visit to Australia, Fiji, Tonga and New Zealand. Hundreds of people gathered to catch a glimpse of the couple after they landed. "Their royal highnesses have appreciated all of the support they have received from people around the world since their wedding in May and are delighted to be able to share this happy news with...

Father of Kompany elected mayor of Brussels municipality

Oct 15, 2018

BRUSSELS — The father of Belgium defender Vincent Kompany will become mayor of a Brussels municipality after his party won Sunday's elections. The Manchester City defender says in a video message that his father is the "first black mayor in Belgium — ever" before erupting in cheers. Pierre Kompany, who came from the former Belgian colony Congo, and his party agreed to a coalition with two other groups to take over in Ganshoren, a town of about 25,000 people which is part of the Brussels region. ___ More AP soccer: https://apnews.com/tag/apf-Soccer and https://twitter.com/AP_Sports

The Latest: Tourists in London react to royal baby news

Oct 15, 2018

SYDNEY — The Latest on Prince Harry and his wife, the Duchess of Sussex, who are expecting a child in the spring (all times local): 10:45 p.m. International visitors to Buckingham Palace to see the popular Changing of the Guard ceremony have reacted with joy to the news that Prince Harry and Meghan, Duchess of Sussex, are expecting their first child. A 29-year-old Canadian tourist Braden Fraser from Toronto said that "it's wonderful." Fraser said "I was happy about the first couple of marriages and the children coming. I'm glad to see the monarchy is carrying on. Back home we...

Harry and Meghan's baby would be 7th in line for UK throne

Oct 15, 2018

LONDON — A baby born to Prince Harry and Meghan, the duchess of Sussex, would be seventh in line for the British throne when it is born next spring. Here is the current line of succession to the British throne upon of the death of 92-year-old Queen Elizabeth II: ___ 1. Prince Charles, the Prince of Wales, eldest child of Queen Elizabeth II and Prince Philip 2. Prince William, the Duke of Cambridge, eldest child of Prince Charles and the late Princess Diana. 3. Prince George, oldest child of Prince William and Kate, the duchess of Cambridge. 4. Princess Charlotte,...

Fleetwood Mac disputes Lindsey Buckingham lawsuit

Oct 15, 2018

LOS ANGELES — Fleetwood Mac disputes allegations in a lawsuit filed by Lindsey Buckingham for kicking him off the band's new tour. In a statement, band spokesperson Kristen Foster says, "Fleetwood Mac looks forward to their day in court." In the suit, the guitarist and songwriter is seeking his share of tour income because he says he still wants and is able to perform. The suit names bandmates Mick Fleetwood, Stevie Nicks, Christine McVie and John McVie. Buckingham claims he was told five days after the group appeared at Radio City Music Hall in January that the band would tour...

In Celeb Wired, we talk about everything in the entertainment industry from A to Z. We keep our gossip hunters updated with the daily hot news because we have exactly what you’re looking for.

Contact us: sales@celebwired.com

Celebrity Adult Entertainment Animation & Comics Award Shows Beauty Pageants Books & Literature Fashion Shows Movies Music Radio Programs Television Programs Variety Shows Press Releases