“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

Latest News

Outdoor artworks illuminate London in Lumiere Festival

Jan 18, 2018

LONDON — The dark January streets of London are being transformed into an illuminated outdoor gallery as part of the Lumiere arts festival . The festival, which runs for four nights starting Thursday, features more than 50 light-based artworks across the city. Some sit in alleyways or parks, while others light up buildings including Westminster Abbey and the National Theatre. Organizers say more than 1 million people attended the free festival when it was first held in the city two years ago, enjoying the rare chance to stroll usually traffic-clogged streets closed to traffic. "We take London, a massive world...

London Zoo names okapi 'Meghan' to celebrate royal wedding

Jan 18, 2018

LONDON — London Zoo has honored Prince Harry's fiancee by naming its newborn okapi after her. The zoo said Wednesday the animal born in early December was named Meghan to celebrate the upcoming wedding of Harry and American actress Meghan Markle. The okapi (oh-COP-ee) have striped hindquarters like zebras but are related to giraffes. Native to the Democratic Republic of Congo, they sometimes are called a forest giraffe or zebra giraffe. Zoo officials say the young mammal is doing well and that Meghan's mother, Oni, watches over her while she sleeps. Zookeeper Gemma Metcalf said the birth is "a great...

Comedian Will Ferrell brings laughs to the Australian Open

Jan 18, 2018

MELBOURNE, Australia — American actor and comedian Will Ferrell isn't just at the Australian Open this week for the tennis. He also came to (jokingly) announce his retirement from acting. "I have kind of done all the movies I want to do. It's a great way to go out," Ferrell told the media at Melbourne Park on Thursday. It was just one of several lighthearted moments during an unusual news conference with former No. 1 Jim Courier that felt more like an impromptu comedy club routine. Among the wackier revelations by the "Anchorman" and "Blades of Glory" star: — Roger...

Stokes 'delighted' to be cleared to play for England again

Jan 18, 2018

LONDON — England allrounder Ben Stokes was cleared on Wednesday to resume his international career while he contests a charge of affray following a violent incident outside a nightclub in September. Suspended by England while he was under investigation by police, the 26-year-old Stokes is now free to play for his country having been charged by prosecutors with an offense that could lead to a jail term if he is convicted. "Representing my country is one of the greatest things that I've ever been lucky enough to do, walking out on to the field with the England shirt on is...

Agent says former World Cup winner Ronaldinho has retired

Jan 18, 2018

SAO PAULO — Ronaldinho, "the ever-smiling magician" of Barcelona, as described by his former club, has ended his professional career. Roberto Assis, the brother and agent of the 2005 Ballon d'Or winner, announced Tuesday that the 37-year-old wants to play a series of farewell matches from August — and then focus on his already busy life off the pitch. Ronaldinho played his last professional match in 2015 for Brazilian club Fluminense. "Ronnie's professional career is over. He wants to be a football ambassador, do charity, and work with his friends in music from now on," Assis told The Associated Press....

About Us

Kayak Away aims to bring the latest news, techniques, destinations, and stories that inspire you to get on the water. We are all here together to share all the awesome tips and tricks to kayak.

Contact us: sales@kayakaway.com

Subscribe Now!