As the high-net-worth population grows in China, there is increasing demand for family wealth protection planning to ensure that family wealth can be passed on to the next generation in an appropriate and well managed way.
Sherrie commented, “Ten years ago, China’s wealthy were more interested in the return on investment of setting up family trusts. Now they are more concerned about the structure of the trusts.”
“Partly as a result of the focus on diversification and asset protection, Chinese high-net-worth individuals (HNWIs) have increasingly established private trust arrangements.”
Private trust arrangements are also said to function more reliably if established in a jurisdiction with a mature framework of legacy trust case law, making Hong Kong and Singapore the preferred locations for Chinese HNWIs.
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2023 by Vistra Group Holdings SA. All Rights Reserved.
Domiciling funds in Luxembourg for EU market access: What fund managers should know
30 Nov 2023
Luxembourg has long been a prominent player in the alternative investment market and is the top domiciliation choice in Europe and one of the most popular globally. The country is poised to become…
The basics of customs duties for multinational organisations
22 Nov 2023
Vistra appoints Frank Roden as Country Managing Director, Vistra Luxembourg
21 Nov 2023
Transitioning from equity to credit in private markets
16 Nov 2023
The benefits of outsourcing fund administration
08 Nov 2023
How to prepare for the EU’s BEFIT initiative
01 Nov 2023