“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

More News

'McQueen' examines career of a brilliant, troubled designer

Jul 19, 2018

NEW YORK — The London fashion world didn't know quite what hit it when Alexander McQueen's disheveled models staggered down the runway at his 1995 "Highland Rape" show, their Scottish-inspired clothing ripped to expose breasts and nether regions. It was exactly the reaction that McQueen, then in his 20s and subsisting on McDonald's and unemployment checks, was seeking. "I don't want a show where you come out feeling like you've just had Sunday lunch," he said at the time. "I want you to come out either feeling repulsed or exhilarated." McQueen would go on to provoke, repulse, inspire and exhilarate...

Bregman embracing All-Star attention

Jul 19, 2018

HOUSTON — Houston third baseman Alex Bregman is a first time All-Star, will appear in his first Home Run Derby next week and has tried his hand at modeling to help promote a new art, fashion and music event during All-Star week called MLB Assembly. The Astros' rising star is embracing all these new experiences and can't wait to soak up everything as the festivities near. "It's going to be sweet," Bregman said. "It's going to be fun definitely. I never would have dreamed about being in the derby and I especially never dreamed of being all over this fashion...

Royal etiquette for the Trumps' visit: Don't kiss the queen

Jul 19, 2018

LONDON — President Donald Trump is coming to Britain fresh from a confrontational NATO summit that featured stinging criticism of America's closest allies, but he's likely to tone down that stance when he takes tea Friday with Britain's Queen Elizabeth II. The president and his wife, Melania, are not expected to make waves during the visit with the 92-year-old monarch. Elizabeth has met every U.S. president since Dwight Eisenhower with the exception of Lyndon Johnson, who never visited Britain while in office. The imposing setting at Windsor Castle and the fact that his hostess is one of the most admired...

US Navy now allows women to wear ponytails, lock hairstyles

Jul 19, 2018

PROVIDENCE, R.I. — The Navy says it will now allow servicewomen to sport ponytails and other hairstyles, reversing a policy that long forbade females from letting their hair down. Chief of Naval Operations Adm. John Richardson said it makes the Navy more inclusive. Many black women had asked for changes to the female grooming standards. A female sailor, Yeoman First Class LaToya Jones, announced the new policy during a Facebook Live event Tuesday with Richardson. The new standards went into effect Wednesday. Lock hairstyles, or ropelike strands, are also now allowed. Wider hair buns too. And women can wear ponytails...

US first lady welcomed in Belgium with music and fashion

Jul 19, 2018

BRUSSELS — U.S. first lady Melania Trump returned to the international stage Wednesday as she mingled with the spouses of America's closest allies over classical music, fashion and chocolate. As President Donald Trump harangued Germany and other allies at a NATO summit in Brussels, his wife chatted amiably with some of their spouses at a music conservatory in a wooded park in Waterloo, near the Belgian capital. There, she and 10 other spouses were given a tour of the Queen Elisabeth Music Chapel, a training center for gifted young musicians housed in a modernistic glass building. Mrs. Trump, 48, wore...

Lookout Style, your personal trendy diary, keeping you in check with all things new for automobiles and content to assist your fashionable sense.

Contact us: sales@lookoutstyle.com

Automobile Design Automobile Shows Car Buying Beauty & Fashion Body Piercings Elective Cosmetic Procedures Children's Fashion Couture Fashion Accessories Fashion Magazines Fashion Shows Men's Fashion Personal Style Sustainable Fashion Women's Fashion Press Releases