Chasing $64 trillion opportunity, family offices make inroads in China

Chasing $64 trillion opportunity, family offices make inroads in China

Traffic move down the third ring road in Beijing, China, on Monday 15 May, 2017. Photographer: Qilai Shen/Bloomberg

For a country that’s adding billionaires at the world’s fastest pace, China doesn’t have many businesses that specialize in serving ultra-high-net-worth individuals.

The nation’s newly wealthy are distrustful of outsiders and clans frequently prefer turning to executives within the family business to run their investments. Still, succession is beginning to loom large for thousands of families as the next generation comes of age.

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