“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

Players clash as Lyon beats Marseille 3-2; PSG wins

Mar 19, 2018

PARIS — Memphis Depay scored in the last minute of a frantic match to give Lyon a 3-2 win at third-placed Marseille that keeps alive its chances of Champions League soccer next season. In the fight for a Champions League playoff spot, fourth-placed Lyon closed the gap on Marseille to two points with eight games left. Monaco is seven points ahead of Marseille in second spot. The match at Stade Velodrome ended with players pushing and shoving after the final whistle. Lyon defender Marcelo then mockingly brandished a Lyon jersey in front of Marseille's players as they were walking off....

Ronaldo scores 4 goals as Madrid beats Girona 6-3

Mar 19, 2018

MADRID — Cristiano Ronaldo extended his impressive scoring run by scoring four goals in Real Madrid's 6-3 rout of Girona in the Spanish league on Sunday. Ronaldo scored once in the first half and three times in the second, reaching 21 goals in his last 11 matches in all competitions. The Portugal star also set up Lucas Vazquez's goal at Santiago Bernabeu Stadium. Gareth Bale scored Madrid's other goal. Ronaldo has scored at least one goal in his last eight matches. He took his league tally to 22 goals, one more than Barcelona's Luis Suarez and three behind league top...

Barcelona takes 11-point lead; Ronaldo scores 4 for Madrid

Mar 19, 2018

MADRID — Atletico Madrid's title hopes were further damaged after it conceded two late goals in a 2-1 loss at Villarreal on Sunday, allowing Barcelona to open up an 11-point lead in the Spanish league with nine matches remaining. Real Madrid, still far behind in the title race, is in third place after a 6-3 win over Girona with four goals by Cristiano Ronaldo. Atletico looked set to keep pace with Barcelona at the top until Enes Unal led Villarreal to a come-from-behind win with goals in the 82nd minute and in injury time. Antoine Griezmann had put Atletico ahead...

Runaway Bundesliga leader Bayern slumps to rare defeat

Mar 19, 2018

BERLIN — Runaway Bundesliga leader Bayern Munich lost 2-1 at Leipzig on Sunday in a rare stumble ahead of the international break. Sandro Wagner headed the visitors into an early lead but Naby Keita equalized before the break and Timo Werner claimed the winner 10 minutes after it. "We didn't play like we have in the last weeks," Bayern coach Jupp Heynckes said. "Leipzig is the deserved winner. You get such games." It was Bayern's third defeat in 27 German league games and Leipzig's first-ever win over the Bavarian powerhouse after three losses in the Bundesliga and a defeat on...

Messi leads Barcelona to 2-0 win over Athletic Bilbao

Mar 19, 2018

BARCELONA, Spain — Lionel Messi added to his scoring streak with a first-half goal in Barcelona's 2-0 win over Athletic Bilbao in the Spanish league on Sunday. Messi scored his eighth goal in six matches with a firm, low shot from outside the area in the 30th minute at Camp Nou Stadium, helping Barcelona to take an 11-point lead over Atletico Madrid, which plays at Villarreal later. Messi was also involved in the runup to Barcelona's first goal, a shot by Paco Alcacer from near the penalty spot after a low cross by Jordi Alba. "Every day Messi shows he...

About Us

The Score Daily brings to you the up-to-date record of your favorite sports team. Whether it is soccer, football, basketball, tennis, or rugby - you can get all the latest news update right here as we’ve got you covered.

Contact us: sales@thescoredaily.com

Subscribe Now!