On November 13, 2021, CITIC Prudential Life "Heirloom" · Hurun Report on family safety for high-net-worth individuals in China 2021 was held at the Four Seasons Hotel in Guangzhou. Many big coffees discussed the theme of "family safety" and focused on the demand trend of family safety among China's high-net-worth individuals under the dual pressure of the socio-economic environment and the epidemic.
Jiang Hongwei, Assistant General Manager of CITIC Prudential Life and General Manager of Guangdong Branch, Wang Shaobin, Assistant General Manager of CITIC Prudential Life and General Manager of Guangxi Branch, Jin Xinian, President of CITIC Bank Guangzhou Branch, Hu Fuyun, Chairman of CITIC Securities South China Co., Ltd., Liang Jun, General Manager of Guangdong Branch of CITIC Construction Investment Securities Co., Ltd., Qian Jing, Deputy General Manager of Trust Business (Guangzhou) Department of CITIC Trust Co., Ltd., PhD Supervisor and Professor of School of Management, Sun Yat-sen University, Honorary Chairman and Chief Economist of EDP Education Alliance Li Kongyue Hurun, Chairman and Chief Research Officer of Hurun Report, and other guests attended the launch ceremony.
(Mr. Jiang Hongwei, Mr. Hu Run)
The meeting was presided over by Lv Nengxing, CEO of Hurun Report and publisher of the Group.
Hurun Report CEO and Group Publisher Lv Nengxing
Welcome speech
Jiang Hongwei, assistant general manager of CITIC Prudential Life and general manager of Guangdong Branch, delivered a speech first. As early as 2014, CITIC Prudential Life launched a high-end sub-brand "Heirloom". In 2020, the strategic layout will be established to establish the High Net Worth Center in the Greater Bay Area, leading the development of high net worth business to a new height. This year, in-depth cooperation with the Hurun Research Institute, the world's leading authoritative institution for the study of China's high-net-worth individuals, jointly launched the "2021 CITIC Prudential Life "Heirloom" • Hurun Report on the Family Safety of China's High-net-Worth Individuals". Through the investigation of the physical and mental health, capital security, family wealth inheritance and other family security related fields of the high-net-worth population, it deeply interprets the structural changes, asset allocation and family security measures of the high-net-worth population, and unites the subsidiaries of CITIC Group and high-quality internal and external resources through CITIC synergy advantages to provide high-net-worth customers with comprehensive customized comprehensive services to help them achieve wealth security, stability and inheritance.
(Speech by Mr. Jiang Hongwei)
Report launch ceremony
Hu Run, Chairman and Chief Research Officer of Hurun Report, Jiang Hongwei, Assistant General Manager of CITIC Prudential Life and General Manager of Guangdong Branch, Wang Shaobin, Assistant General Manager of CITIC Prudential Life and General Manager of Guangxi Branch, PhD Supervisor and Professor of School of Management, Sun Yat-sen University, Honorary Chairman and Chief Economist of EDP Education Alliance, Honorary Dean of Yixian Education Research Institute, Professor Li Kongyue, Special Interview Guest of CITIC Prudential Life Heirloom Hurun Report on family safety of China's high-net-worth population, Hurun Report CEO and Group Publisher Lv Nengxing took the stage together to open the "CITIC Prudential Life "Heirloom" · Hurun Report on family safety of high-net-worth individuals in China 2021 was officially released.
From left: Mr. Lv Nengxing, Mr. Wang Shaobin, Mr. Hu Run, Mr. Jiang Hongwei, Mr. Li Kongyue, Ms. Zhang Jie
Interpretation of the report
After the launch ceremony, Hurun, Chairman and Chief Research Officer of Hurun Report, conducted an in-depth internal interpretation of the "CITIC Prudential Life "Heirloom " Hurun Report on family safety of high-net-worth individuals in China 2021". Mr. HuRun said that the 72-page report is the first survey in the industry to focus on the trend of family security needs of China's high-net-worth individuals under the dual pressures of the socio-economic environment and the epidemic.
The report shows that regarding family safety, high-net-worth people are most concerned about the protection of physical and mental health; 70% of people have the intention of planning family security; for tools to ensure the safe inheritance of wealth, high-net-worth people mention insurance (76%), higher than wills, trusts, funds, etc. Among them, the penetration rate of commercial life insurance in high-net-worth populations is as high as 97%.
Mr. Hurun interprets the report
Immediately afterward, Mr. Song Yujin, Deputy General Manager of CITIC Prudential Life Guangdong Branch, shared the "Prosperous Family, Common Prosperity and Beauty". He pointed out that the safe family inheritance of high-net-worth individuals is a diversified and complex need that requires a large platform to carry. CITIC Group, one of citic prudential life shareholders, as a leader in integrated financial services, will enable more CITIC Prudential Life customers to benefit from this, get a better experience in collaborative services, and meet the diverse needs of family wealth inheritance.
He pointed out that under the ever-changing situation at home and abroad, and at the same time, the creation generation has reached the period of inheritance and succession, and the high-net-worth group urgently needs a stable family inheritance path, and the wealth inheritance planning is opportune.
In particular, he pointed out that CITIC Prudential Life Guangdong Branch is committed to building a high-net-worth ecosystem in the new era with "guardianship and inheritance" as the core, and providing comprehensive family risk and wealth management solutions with insurance protection as the core. The flagship Greater Bay Area High Net Worth Centre is the life insurance industry's premier wealth management center, helping high net worth clients create immortal family glory.
Up to now, the high-net-worth business volume of CITIC Prudential Life Guangdong Branch has continued to rise, and customers have used the value-added services of insurance fund trusts to carry out asset inheritance planning of more than 3 billion yuan. The cumulative total premium insured by a single high-net-worth family exceeded $449 million.
Mr. Song Yujin shared the theme
Professor Li Kongyue of the School of Management of Sun Yat-sen University delivered a speech entitled "Three Allocations and Wealth Management", which led the audience to insight into the new trend of wealth management and wealth growth from three aspects: "Why should we carry out wealth management", "what is three allocations" and "how to carry out wealth management".
Professor Li Kongyue believes that to achieve common prosperity, it is necessary to continuously narrow the gap between the rich and the poor in economic growth, strengthen the private economy, and advocate three distributions. High-net-worth individuals need to master the financial thinking logic of value-added as the goal, leverage as the means, credit as the cornerstone, and boundaries as the risk. He pointed out that we are currently in the era of interconnection and digitalization of all things. The era of real estate growth is over, and China has entered an era of structural differentiation. From the era of well-off to affluence, consumption will be fully upgraded, the era of high-quality development is represented by "specialization and special newness", entering the digital era, intelligent cars and 5G are fully applied, which will be the industries where wealth growth will be located in the future. Professor Li pointed out the "dumbbell strategy" of wealth management, 90% of the funds are put into the definitive industry, and 10% of the funds are put into the subversive industry. And I think that now that we have reached the era of wealth inheritance, family trust family funds are a very good way.
Professor Li Kongyue delivered a keynote speech
At the end of the press conference, Mr. Hurun expressed his heartfelt thanks to all the guests who participated in the event and expressed his views on the topic of "common prosperity". He said that this year is the second year of cooperation between Hurun Report and CITIC Prudential Heirloom Brand, citic Group, the Chinese shareholder of CITIC Prudential, is a large central enterprise group that is very outstanding in China, and the foreign shareholder Prudential Group has a Prudential insurance policy in the overseas crowd. The "Heirloom" brand also focuses on high-net-worth individuals, coinciding with Hurun's rich. The significance of this report is a powerful combination of our two companies, incorporating more valuable information, and its significance is self-evident.
Mr. Hurun delivered a thank-you speech
In the warm atmosphere of the scene, the Guangzhou press conference of "CITIC Prudential Life "Heirloom" Hurun Report on family safety of China's high-net-worth individuals 2021" came to a successful conclusion.