In Japan, it's the women. What's really enjoyable is Saturdays when clients bring their family here and their children play in the garden and the clients drink coffee. We chat to families, and not just well-off individuals. My impression is that the typical wealthy Hong Kong investor is very overweight the US stockmarket. For Hong Kong high net worth clients it used to be property or Hong Kong stocks, but with the convenience of e-trading there has been more investing in the US, and it's been quite dangerous.
People tend to follow the crowd.
Rich Hong Kong investors have an amazing tolerance for volatility. It's the nature of Chinese people to be very adaptive. They lose money today, they forget about it tomorrow. It's not that they don't feel hurt, they do, but they think, well, that's life. Another problem with the Chinese mentality is they'd rather actually lose money than miss out on a gain.