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Terms of Use
You must read the following information before proceeding. By accessing this website / application and any pages thereof, you acknowledge that you have read the following information and accept the terms and conditions set out below and agree to be bound by such terms and conditions. If you do not agree to such terms and conditions, please do not access this website / application or any pages thereof.
General
This website / application has been prepared by FIL Investment Management (Hong Kong) Limited and for informational purposes only. FIL Investment Management (Hong Kong) Limited, FIL Limited and its subsidiaries are commonly referred to as Fidelity or Fidelity International ("Fidelity"). The information on this website / application is intended for Hong Kong residents and is for reference only. None of the Fidelity products referred to on this website have been approved for sale or purchase by any authority outside Hong Kong. Persons resident in territories other than Hong Kong should consult their professional advisers as to whether they may subscribe for the products and services described in this website / application or whether they require any governmental or other consents or need to observe any formalities to enable them to do so. Certain Fidelity products sold in Asia may be established in Luxembourg. The information contained in this website / application does not constitute a distribution, an offer to buy or sell any securities or the solicitation of any offer to buy or sell any securities, engage the investment management services of Fidelity in any jurisdiction in which the distribution or offer is not authorized or would be contrary to local laws or regulations. Without limitation, the information in this website / application is not for distribution and does not constitute an offer to buy or sell any securities in the United States of America to or for the benefit of United States persons (being residents or citizens of the United States of America or partnerships or corporations organized under the laws of the United States of America). It is the responsibility of the persons who access this website / application to observe all applicable laws and regulations.
Fidelity reserves the right to grant or revoke the authority to use the Fidelity Internet sites at its absolute discretion. Whilst every reasonable precaution has been taken to ensure the accuracy, completeness, security and confidentiality of information available through the Fidelity Internet sites, Fidelity makes no warranty as to the accuracy, completeness, security and confidentiality of such information. Fidelity, its affiliates, directors, officers or employees accept no liability for any errors or omissions relating to information available through the Fidelity Internet sites. Fidelity cannot be held responsible for any consequence of any action carried out by any user authorised or unauthorised.
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Use of website
Unless otherwise specified, information contained in this website / application does not constitute investment advice or recommendations. Users are solely responsible for determining whether any investment, security or strategy, or any other product or service is appropriate or suitable for them based on their investment objectives and personal and financial situation unless otherwise agreed by FIL Investment Management (Hong Kong) Limited. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. While certain tools available on the website / application may provide general investment or financial analyses based upon your personalized input, such results are for your information purposes only and you should refer to the assumptions and limitations relevant to the use of such tools as set out in this website / application. Users should consult their independent professional advisers should they have any questions. The information contained in this website / application is only accurate on the date such information is published on this website / application.
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While Fidelity makes every attempt to provide accurate and timely information to serve the needs of users, neither Fidelity nor the Third Party Content providers guarantee its accuracy, timeliness, completeness, usefulness or any other aspect of the information and are not responsible or liable for any such content, including any advertising, products, or other materials on or available from third party sites. You will access and use Third Party Content at your own risk. Third Party Content is provided for informational purposes only, and Fidelity and the Third Party Content providers shall not be liable for any loss or damage arising from your reliance upon such information.
Internet Communication
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Fidelity does not represent or warrant that this website / application will be available and meet investors requirements, that access will not be interrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to investors computer system. Investors have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other destructive properties. Fidelity makes no representations or warranties regarding the accuracy, functionality or performance of any third party software or service providers that may be used in connection with the site.
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Global Sentiment Survey
Is high inflation taking a toll on your financial and retirement planning?
While economies are reopening, rising cost of living and economic situations have become the primary concerns for countries and regions worldwide. According to the annual Global Sentiment Survey conducted by Fidelity International across 17 regions, the latest figures indicate that inflation is causing stress to 80% of Hong Kong respondents and affecting their financial habits.
“A lot of Hongkongers are financially distressed due to rising cost of living, and more and more of them are postponing their retirement due to insufficient retirement savings. The timely fulfillment of your ideal retirement life is contingent on whether you can plan your finances in time and be proactive about it,” says Charlotte Chan, Head of Hong Kong Workplace and Personal Investing, Fidelity International.
The survey focuses on 4 key areas:
Well-being
Understanding the emotional intensity and evaluating well-being across finances, health, work, and life.
Financial habits
Assessing financial and investing confidence, as well as current habits related to spending, saving, and debt.
Retirement
Determining retirement timelines and understanding employees’ approach to financial planning and advice.
Work
Understanding employees’ needs from their employers regarding compensation, benefits and support.
Let’s take a closer look at the key findings in Hong Kong:
Well-being – cost of living woes and worrying about the economy
80% of Hong Kong respondents are dreading soaring inflation, especially the younger workers*, with 60% of them becoming despondent.
Also, over 60% of Hong Kong respondents cited “insufficient retirement savings”, “failing to meet saving goals”, and “COVID pandemic” as primary stressors. Only 49% of Hong Kong respondents are optimistic about the next 6 months, the lowest percentage amongst all regions in Asia Pacific.
Financial habits – saving less and investing more
Household spending is increasing due to soaring inflation, and over 30% of Hong Kong respondents saved less and spent more than they could afford in the last six months. Meanwhile, quite a number of Hongkongers are confident in long term economic recovery and growth, and 67% of Hong Kong respondents have invested more in this period, especially with younger and middle-aged workers.
Complete the assessment in 5 minutes and find out how you are doing financially.
Retirement – worrying about insufficient retirement savings
“Preparations for later life” and “being financially comfortable in retirement ” are primary financial goals for 90% of Hong Kong respondents.
Besides health problems, 45% of Hong Kong respondents are anxious about using up their retirement savings too soon, highest percentage amongst all surveyed Asia Pacific regions. There is a surge in the number of workers who would defer their retirement and lower their budget for retirement spending, with 30% of older workers expecting retirement expenditures to only account for 26% to 50% of their pre-retirement income.
Learn more about Fidelity’s Retirement Savings Guidelines to calculate your income replacement rate.
Work – emphasising retirement support
Besides salary, nearly 40% Hong Kong respondents reckon private medical insurance, retirement savings plan and bonuses are the most important workplace benefits, and Hongkongers are most in need of such support, as compared to other Asia Pacific regions surveyed. This is most evident with the older workers, as more than half of this age group hope their employers would support their retirement savings plan.
* Younger workers, aged 20-38; Middle-aged workers, aged 39-54; Older workers, aged 55≥
Understand Financial Wellness
Understand the definition and importance of being financial well
Determine your Financial Wellness
Assess your personal financial wellness with our easy-to-use tool
About Fidelity Global Sentiment Survey
The data collection, research, and analysis for the above markets were completed in partnership with Opinium, a strategic insight agency. Data collection took place between August 2022 and September 2022. The sample consisted of 20,000 respondents (1,000 respondents came from Hong Kong) with the following qualifying conditions: Aged 20-75; Either they or their partner were employed full-time or part-time; A minimum household income of: Australia: A$45,000 annually; China: RMB 5,000 monthly; Hong Kong: HK$15,000 monthly; USA: US$20,000 annually; Canada: CA$30,000 annually; UK: £10,000 annually; Mexico: $4,500 MXN monthly; Ireland: €20,000 annually; Germany: €20,000 annually; Netherlands: €20,000 annually; France: €20,000 annually; Italy: €15,000 annually; Spain: €15,000 annually; Japan: 3m yen annually; Brazil: R$1,501 monthly; India: 55,001 annually; Singapore: SGD$2,000 monthly.