▲“YF Life · Hurun Wealth 2025 White Paper on Financial Investment Needs and Trends of China’s High-Net-Worth Individuals”
On December 4, 2025, YF Life and the Hurun Research Institute jointly released the “YF Life · Hurun Wealth 2025 White Paper on Financial Investment Needs and Trends of China’s High-Net-Worth Individuals” (YF Life · Hurun Mapping the Investment Landscape for China HNWI 2025) (hereinafter referred to as the “report”) and held a grand launch event. The report aims to explore the latest trends and long-term developments of China’s high-net-worth individuals in areas such as financial asset allocation, overseas investment portfolio construction, selection of financial institutions, and insurance needs. Yu Fung Insurance Brokerage, as an important partner, was invited to attend, along with numerous industry guests, to witness this significant moment.
▲Mr. Roy Wu, CEO of Yu Fung (far left); Ms. Jojo Lau, Senior Business Director, Institutional Business Department, YF Life (second from left)
As a leading company in the Hong Kong insurance industry, YF Life has long been committed to expanding the global wealth map for insurance assets and helping an increasing number of clients better manage risks and wealth. This joint report with the Hurun Research Institute not only highlights the unique insights and forward-looking vision of both parties in serving high-net-worth individuals but also provides practical, comprehensive reference for the global wealth management strategies of this group.
During the formation of the report, YF Life and the Hurun Research Institute jointly conducted a dedicated survey of 500 high-net-worth individuals. The respondents had an average age of 44 and an average family net worth of 37 million RMB, with over half being business owners. The report presents a series of key findings, including asset allocation characteristics of high-net-worth individuals such as “professionally driven, long-term oriented, prudent first, adaptable to circumstances,” among others. Notably, high-net-worth individuals have shown a trend of increasing allocation to defensive and flexible assets, with insurance assets playing a key foundational role in both current and future wealth planning.
For the full report, please visit the Hurun Wealth website at www.hurun.net to download.
YF Life
【Company Background】Manulife Insurance International Limited (Manulife Insurance) is primarily owned by major shareholders including Massachusetts Mutual Life Insurance Company (MassMutual), one of the top five life insurance companies in the United States with a history of 174 years, as well as Yunfeng Financial Holdings Limited, among others. Manulife Insurance has a long-term strategic partnership with Barings, leveraging its leading global investment capabilities and partnership network, alongside strong momentum in financial technology innovation, to maintain a leading position in Hong Kong’s insurance industry.
【Scope of Services】Since establishing its roots in Hong Kong, Manulife Insurance has been providing clients with a range of life insurance products, including medical, critical illness, savings, retirement annuities, and more, as well as MPF services, using a global perspective and smart technology to help clients manage risk and wealth.
【Investment Capability】Manulife Insurance has developed a unique “Invesurance” investment philosophy and a distinctive “1+N” investment system. It maintains a long-term strategic partnership with Barings, a top global asset management company under MassMutual, building a stable foundation for wealth growth. At the same time, the company continues to expand its global alternative investment network, connecting with multiple top global investment partners, selecting rare global targets, proactively capturing higher returns, opening up a world-class investment landscape for insurance assets, and creating a trustworthy wealth protection ecosystem.
