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BIZCHINA / Biz Life

Most ambitious entrepreneurs

(chinadaily.com.cn)
Updated: 2007-05-08 16:58

Shanghainese with high incomes are the most ambitious when it comes to
opening businesses compared with people in other large-sized cities in
Asia, according to a HSBC survey.

The results reveal 72 percent of responders in Shanghai said the most
important thing is having their own companies, followed by money and
property.

The survey was also conducted in Hong Kong, Bombay, Singapore and Sydney,
the Shanghai Morning Post reported.

According to the survey, 52 percent of Shanghainese responders said they
are using or used financing planners or financing consultants' services,
while 29 percent of them are considering using the services.

Fifty-eight percent of people surveyed in Shanghai said they are more
willing to choose banks for wealth management, followed by investment
companies at 20 percent, and insurance companies at19 percent.

Nearly 60 percent of Shanghainese responders said they will get
information about new investment products from financial service
institutions. But 72 percent of them said they lacked wealth management
knowledge and skills.

(For more biz stories, please visit Industry Updates)

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