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From Teresa Cheung
Phone +852 2830 2533
Date 12 October 2010
Synovate PAX - Hong Kong fact sheet
HONG KONG – Synovate, one of the world’s largest market research firms, today revealed
the annual results of its long-running Pan Asia Pacific Cross Media Survey (Synovate PAX)
In its 14th year, Synovate PAX is the region’s most comprehensive consumer study, tracking
media and digital consumption, prosperity, and influence amongst affluent Asians across 11
markets from Hong Kong, Singapore, Korea, Taiwan, Thailand, Malaysia, India, Indonesia,
the Philippines, Japan to Australia.
The survey is a comprehensive guide for Asia’s media owners, agencies and marketers to
understand affluent Asians, typically the top 20% of society based on monthly household
income. Synovate PAX answers key questions such as:
Which personal and household items – technology, luxury, financial products and all - do
elite Hong Kong residents currently own?
What are the latest trends?
What are the lifestyle choices of wealthy Hong Kong elites?
Technology is mainstream
Smartphone ownership more than doubled over the year, rising from 11% to 22.4%.
Conversely, those who owned a mobile that is not a smartphone dropped from 93.5% to
Ownership of laptop computers has slightly increased from 53.3% to 54.9%.
Handheld PCs/Palm Tops or PDAs are up from 18.3% ownership to 19.5%.
Ownership of MP4 Players among Hong Kong elites has risen from 16.6% to 18.7%.
Printer/scanners dropped from 61.7% to 55.1%, as Hong Kong becomes more paperless.
Hong Kong leads regional household ownership of high tech TVs, with 72.7% owning a
LCD TV, plasma TV or HDTV.
The HDTV category has enjoyed explosive growth, up from 36.3% to 53.1% over the
course of a year. Another 15% of elites say they intend to buy one in the next 12 months.
Ownership of digital video and still cameras dropped slightly, (49.9% and 83.6%
respectively), perhaps indicating that people are starting to use smartphones for daily
image recording needs.
Hong Kong leads luxury
In the land of luxury, now more than half of affluent Hong Kong people own one or more
luxury items (50.7%, up from 47.5% last year).
28.8% own designer clothes and leather goods worth US$500 or more, and 16.1% own
the same but worth more than US$1,000.
Designer footwear and accessories are not forgotten, with 17.6% owning these to the
value of US$500 or more.
Jewellery is highly desired, with 32.5% owning one or more pieces valued at US$1,000 or
Similarly, luxury watches are still number one for ownership in Hong Kong, with 35.8%
owning one to the value of US$500 or more, and 28.8% own a timepiece of US$1,000
value or more.
Financial products in a financial centre
Hong Kong elites bounced back into unit trust and mutual fund ownership this year,
reflecting economic conditions (21.9% in 2008, 15.1% in 2009 and 19.3% in 2010).
Ownership of life insurance policies among affluent Hong Kong residents is at 64.4%.
Hong Kong is the second highest group in the region with offshore accounts for
investment purposes at 9.1%. The top market is Taiwan at 12%.
Also highest in the region, 23.9% of Hong Kong’s affluent own foreign currencies as an
investment and 37.5% have a privileged or priority bank account.
Hong Kong attitudes
Respondents were asked if they agree with a variety of statements. The results for those
saying they agree or strongly agree with the statements are:
84.9% agree that spending time with family and friends is important to them.
81.1% of Hong Kong elites believe that companies and businesses should demonstrate
the practice of corporate social responsibility, up from 75.7% last year.
36.7% keep up-to-date on the latest global financial situation.
Notes to editor
1) The PAX survey was conducted from Q3 ’09 to Q2 ‘10 and Synovate spoke with 1,674
Hong Kong respondents to get the 2010 results.
2) Please see media release and other fact sheets for more information about the Synovate
PAX results across the region.
3) Please contact Teresa Cheung on +852 2830 2533 for any further information.
4) To receive the most updated news on Synovate globally, please subscribe to
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