They also prefer to invest rather than save.
Hong Kong snags third place in markets where further investment of disposable income is a top priority for existing investors, according to Schroders Global Investors Study.
39% of Hong Kong investors prioritised further investment following receipt of their paychecks – a strong figure especially when pitted against the Asia average of 32%.
The study noted that Asian countries displayed a remarkable attitude towards financial security as they dominate the list of markets where investment is a top priority for their monthly earnings, with China and Taiwan topping the list with 45%.
Japan trails in at fourth place with 38% opting to invest, followed by Singapore with 30%.
Moreover, Hong Kong investors prefer to invest further in financial markets rather than deposit their earnings into a deposit account, as the 39% that choose to invest is greater than the 17% who choose to save.
This was also the trend for other Asian countries like Thailand, Japan, India, Singapore, China and Taiwan with the notable exception of South Korean investors who opted to save (19%) than invest further (12%).
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