Investor Presentaiton
Table 1 - Retail Investor/Non-investor Profiles (2003)
Adult
population
Stock
investors
Derivatives
Non-
investors
investors
Sex
Male (%)
47.6
60.1
59.3
45.0
Female (%)
52.4
39.9
40.7
55.0
Median age
42
42
37
42
Tertiary education or above (%)
20.7
42.6
53.6
16.0
Managers/administrators / professionals (%)
10.4
24.7
31.5
7.3
Median monthly personal income (HK$)
Source: HKEX ORIS2003
11,250
18,750
22,500
11,250
20.
Compared to a decade ago, the proportion of adult population investing in
stocks doubled (18% in 2003 vs 9% in 1992) (Chart 5). From survey findings,
the Hong Kong stock market has attracted more and more individuals of higher
education level to enter (the proportion of stock investors having tertiary
education or above gradually increased from 28% in 1999 to 43% in 2003).
Chart 5 - Trend of Stock Ownership and Stock Investment
Projected number of stockowners/
stock investors
1,600,000
1,400,000
1,200,000
1,000,000
16.0% 16.0%
13.0%
14.0%
800,000
10.0%
9.0%
600,000
9.0%
9.0%
8.0%
400,000
200,000
0
1989
1992
Projected number of stockowners
Percentage of adult population as stockowners
Source: HKEX RIS
21.5%
20.3%
19.8%
19.0%
20%
17.5%
18.6% 19.0%
15.9% 15%
10%
5%
0%
1994
1997
Jan 1999
Nov 2000 Dec 2001 Dec 2002 Dec 2003
Projected number of stock investors
--Percentage of adult population as stock investors
Percentage of adult population as
stockowners/stock investors
21.
Although there has been an overall long-term increasing trend, retail
participation in the stock market has fluctuated as a result of changes in market
sentiment. However, there is a slight indication that the effect of a bearish
7
The increase is believed to owe more to newcomers than the increase in educational level of
individuals already in the investing population, given the fact that educational advancement takes place
only gradually and not many adult working individuals would undergo tertiary education.View entire presentation