“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 Enter Hollywood

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...

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...

Usain Bolt scores 2 goals in first A-League trial start

Oct 15, 2018

SYDNEY — Usain Bolt scored twice in his first start for the Central Coast Mariners in an A-League trial match on Friday before being substituted with about 15 minutes remaining. The retired eight-time Olympic gold medalist sprinter is trying to secure a place with the Mariners for this season, which begins for the Mariners on Oct. 21 against the Brisbane Roar. "My first start and scoring two goals, it's a good feeling," Bolt told Fox Sports television. "I'm happy I could come here and show the world I'm improving. I'm keen to be a Mariner, and get into the team."...

Federer, del Potro, Zverev all win at Shanghai Masters

Oct 15, 2018

SHANGHAI — Roger Federer had to overcome a second-set stutter. Juan Martin del Potro and Alexander Zverev had to overcome illness. All three still advanced at the Shanghai Masters on Wednesday. Federer, the defending champion, beat Daniil Medvedev 6-4, 4-6, 6-4 in the second round despite being broken late in the second set. "I was able to mix it up. Really also took some chances, serve and volley, second serve," the top-seeded Federer said. "In the third set I really started to figure it out, as well, how aggressive or how tactical I wanted to make the match. And by...

Bolt to get start in trial game for soccer club in Australia

Oct 15, 2018

GOSFORD, Australia — Usain Bolt says his performance in a trial game on Friday could determine his future with the Central Coast Mariners in Australia's A-League and his quest to play professional football. The eight-time Olympic sprinting champion is expected to start for the Mariners against a Macarthur South West United team in western Sydney. United plays in a second-tier competition. "This is going to be a big game. I think it will determine if the club makes up its mind on what to do with my career," Bolt said Wednesday. The Mariners begin the A-League regular season on Oct....

Sign up now!