“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 From Spotify News

Wade, James embrace final chance to compete on court

Dec 11, 2018

LOS ANGELES — Dwyane Wade will be spending a lot of time in Los Angeles while he settles into retirement next year. He already has a house here, and his wife's acting career would undoubtedly benefit from more time in Hollywood. LeBron James is a newly minted Southern Californian himself, and he's already hatching schemes to occupy his former teammate, longtime rival and permanent friend. "I told him, 'No one likes to work out by themselves,'" James said with a grin. "So he can come to Staples. He can come to the practice facility anytime he wants to get workouts...

Golden State G League team in Santa Cruz is key developer

Dec 11, 2018

SANTA CRUZ, Calif. — As the Santa Cruz Warriors huddled after practice, Darius Morris provided a quick recap of his adventure to the Arizona desert a day earlier to interview with the Suns. Phoenix needed a point guard given Devin Booker's hamstring injury, and Morris was at least in the mix. Santa Cruz coach Aaron Miles, who so wishes he were still playing professionally, had a little fun leading the offense in Morris' absence. Just one example of life in the topsy-turvy, changing-by-the-day G League, when Golden State or another club might come calling at a moment's notice to swipe...

Analysis: Report lays blame, but what's needed are solutions

Dec 11, 2018

DENVER — The report was every bit as thorough as it was cringe-worthy. And yet, when it was all picked apart and combed through, there wasn't much new there. The 233 pages of details about how Olympic leaders and the FBI responded — or didn't — to sex-abuse allegations against Larry Nassar was yet another entry in an endless exercise in looking backward to respond to a crisis that needs some new ideas before anything is truly fixed. Hampered by their own red tape and glacial pace in grasping the enormity of the issue, neither the U.S. Olympic Committee, nor...

LeBron's Lakers edge Wade's Heat in final meeting, 108-105

Dec 11, 2018

LOS ANGELES — LeBron James hit his first free throw to put the Lakers up by two. Dwyane Wade sidled up to him before the second shot. "Bro, just miss it so I can shoot the game-winner," Wade said in the waning seconds of their last game together. "Me and you. One on one. Just let me shoot it and go for it." LeBron didn't miss. Dwyane didn't really expect him to. They still got that last showdown, one on one with the game on the line. Wade launched a 27-foot fadeaway jumper that didn't go down, and the buzzer...

Seahawks on brink of playoffs after 21-7 win over Vikings

Dec 11, 2018

SEATTLE — Bobby Wagner leaped over the line of scrimmage, swatted Dan Bailey's field goal attempt and sparked the Seattle Seahawks to two late touchdowns. Whether or not what Wagner did was entirely legal, he frankly didn't care. "I'm not stressing about that. I made the play. They called what they called," Wagner said. "There's times in games where things happen all the time. I'm not stressing on it. It was a big block and we'll definitely take it. It was amazing." Wagner's block midway through the fourth quarter was the catalyst in a 21-7 win over the Minnesota Vikings...

About Us

Sportify News offers you high quality sports journalism. Take a deep look in the world of sports as we bring you the latest news on acquisitions, sponsorships, lineups and more!

Contact us: sales[at]sportifynews.com

Subscribe Now!