“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

Statue of Liberty, Ellis Island reopen amid shutdown

Jan 24, 2018

NEW YORK — The Statue of Liberty and Ellis Island are now open for visitors, with New York state picking up the tab for the federal workers during the 69-hour shutdown. The two sites reopened on Monday after being closed due to the shutdown which ended late Monday when President Donald Trump signed a bill reopening the federal government. Gov. Andrew Cuomo announced their reopening on Sunday, saying the sites are vital to the state's tourism industry. The state will spend about $65,000 per day for the federal employees who operate the sites. The Democratic governor had said the state...

Trump business ethics pledges left plenty room for profiting

Jan 24, 2018

NEW YORK — Among the many promises Donald Trump made a year ago to assure people he wouldn't profit off his presidency, one stood out for its boldness: a pledge to donate the profits from any foreign governments staying in his namesake hotels to the U.S. Treasury. Today, after a year in which groups associated with Saudi Arabia, Malaysia and Kuwait have booked rooms, hosted events and spent thousands of dollars at the president's hotel in Washington, no such payments to the Treasury have been made. Trump officials, who have openly questioned how closely they should scrutinize their guests, initially...

The Latest: US government shutdown prompts state to step in

Jan 24, 2018

WASHINGTON — The Latest on the impact of the federal government shutdown (all times local): 5 p.m. A U.S. government shutdown that has forced scores of federal agencies and outposts to close their doors has prompted the New York state government to step in and pay to open the Statue of Liberty and Ellis Island for visitors. Democratic New York Gov. Andrew Cuomo (KWOH'-moh) says his state will spend $65,000 a day beginning Monday for the federal employees who operate the sites, which have been closed since the federal government shut down at midnight Friday. The partial government shutdown also...

Shutdown divides services into essential and non-essential

Jan 24, 2018

WASHINGTON — Symbols of American promise have turned into emblems of American dysfunction amid a dispute in Congress over spending and immigration that has forced scores of federal agencies and outposts to close their doors. The Statue of Liberty and Ellis Island have turned away visitors in New York, due to what the National Park Service described as "a lapse in appropriations," a bureaucratic term for a lack of money. In Philadelphia, crowds of tourists have been told that Independence Hall, where the Declaration of Independence and Constitution were signed, and the Liberty Bell are closed. The shuttered icons were...

Geysers yes, Ellis Island no: Some US parks open, some not

Jan 24, 2018

YELLOWSTONE NATIONAL PARK, Wyo. — Visitors could still ride snowmobiles and ski into Yellowstone National Park Saturday to marvel at the geysers and buffalo herds, despite the federal government shutdown. But across the country in New York, the nation's most famous monuments to immigration — the Statue of Liberty and Ellis Island — were closed. The Interior Department had vowed to keep open as many parks, monuments and public lands as possible during the shutdown, which began at midnight Friday on the East Coast. By mid-day Saturday, the pattern was spotty, and some visitors were frustrated. "My initial reaction is,...

Search

Welcome to The Zig Zag World. This travel blog will help you to make the most out of your travel time with interesting destination guides. Our paths will definitely cross some day as we zigzag around the world.

Contact us: sales@thezigzagworld.com