China’s high-net-worth individual (HNWI) population has shown significant increase as a result of the country’s rise in the global economy, leading to growing demand for family wealth succession planning and asset isolation. Family trust has since become the key strategy for wealth management and succession planning in China.
How to consolidate the inheritance of both tangible and intangible family wealth? How to leverage different trust structures to better fulfill the emerging needs for a higher living standard? These questions have been the new focus of Chinese HNWIs.
In the interview, Sherrie shared insights on the recent development of China family trusts, differences between domestic and overseas family trusts, and how the corporate services industry will evolve in the long term. Sherrie said, “Despite increasing interest in family trusts, a considerable number of Chinese are yet unable to understand its true value.”
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