According to a recent survey by HSBC, Shanghainese with high incomes are the most ambitious when it comes to opening businesses compared with people in other large-sized cities in Asia. The article below (taken from China Daily, 08-May-2007) covers this topic in more detail.
Most ambitious entrepreneurs
Shanghainese with high incomes are the most ambitious when it comes to opening businesses compared with people in other large-sized cities in Asia, according to a HSBC survey. The results reveal 72 percent of responders in Shanghai said the most important thing is having their own companies, followed by money and property.
The survey was also conducted in Hong Kong, Bombay, Singapore and Sydney, the Shanghai Morning Post reported. According to the survey, 52 percent of Shanghainese responders said they are using or used financing planners or financing consultants’ services, while 29 percent of them are considering using the services.
Fifty-eight percent of people surveyed in Shanghai said they are more willing to choose banks for wealth management, followed by investment companies at 20 percent, and insurance companies at 19 percent.
Nearly 60 percent of Shanghainese responders said they will get information about new investment products from financial service institutions. But 72 percent of them said they lacked wealth management knowledge and skills.
