“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

Native American says he tried to ease tensions at Mall

Jan 21, 2019

DETROIT — A Native American who was seen in online video being taunted outside the Lincoln Memorial said Sunday he felt compelled to get between two groups with his ceremonial drum to defuse a confrontation. Nathan Phillips said in an interview with The Associated Press that he was trying to keep peace between some Kentucky high school students and a black religious group that was also on the National Mall on Friday. The students were participating in the March for Life, which drew thousands of anti-abortion protesters, and Phillips was attending the Indigenous Peoples March happening the same day. "Something...

Hedi Slimane unveils debut menswear show for Celine in Paris

Jan 21, 2019

PARIS — Passers-by gathered outside the giant glass windows of Celine's traffic-stopping show venue Sunday night: erected in Paris' sparkling Place de la Concorde, which is also used as a traffic circle. Designer Hedi Slimane's debut menswear effort for Celine — the most highly anticipated show of the season — also drew the stars inside, including Courtney Love. All were all eager to see the new face of the age-old Parisian stalwart that's historically always been associated with dressing women. Here are some highlights of Sunday's installment of Paris Fashion Week. HEDI SLIMANE Has Hedi Slimane lost some of his...

M. Night Shyamalan's 'Glass' is No. 1 with $40.6M debut

Jan 21, 2019

NEW YORK — M. Night Shyamalan scored his fifth No. 1 movie as the director's "Glass," while not quite the blockbuster some expected, nevertheless dominated Martin Luther King Jr. holiday weekend at the box office with $40.6 million in ticket sales according to studio estimates Sunday. Universal Pictures predicted that "Glass" will make about $47 million over the four-day holiday weekend. Some industry forecasts had gone as high as $75 million over four days. But poor reviews took some of the momentum away from "Glass," Shyamalan's final entry in a trilogy begun with 2000's "Unbreakable" and followed up with 2017's...

Former CIA officer portrayed in 'Argo' film dead at 78

Jan 21, 2019

FREDERICK, Md. — A former CIA technical operations officer who helped rescue six U.S. diplomats from Iran in 1980 and was portrayed by Ben Affleck in the film "Argo," has died. He was 78. A family statement and his literary agent confirmed that Antonio "Tony" Mendez died Saturday at an assisted-living center in Frederick, Maryland. He had suffered from Parkinson's disease, according to the statement. Specializing in covert operations, Mendez helped devise the plan under which six diplomats who were in hiding were disguised as a Canadian film crew so they could board a flight and escape the country amid...

Founder of Dead Poets Society is published, posthumously

Jan 21, 2019

PORTLAND, Maine — The late founder of the Dead Poets Society of America can be inducted to the society of fallen bards now that he's now a published poet. Walter Skold visited the gravesites of more than 600 poets, and one of his criteria was that the subjects had to be published. Now he's becoming a published poet, posthumously, on the one-year anniversary of his death Sunday, thanks to the efforts of two of his children. Simon and Charles Skold curated their father's poems for the book "The Mirror is Not Cracked." They self-published the tome to ensure it would...

About Us

Buzz Online Daily brings to you the trendy and up-to-date viral news, entertainment news, and local breaking news exclusively to our dedicated readers.

Contact us: sales[at]buzzonlinedaily.com

Subscribe Now!