China family trust report 2020 From China Merchants Bank

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The following is the China family trust report 2020 From China Merchants Bank recommended by recordtrend.com. And this article belongs to the classification: China’s economy, Life data, research report.
This release of the family trust report comprehensively combs the practical information of family trust in the aspects of inheritance arrangement, law, tax and investment, so as to solve a series of questions for customers in need, so as to better help customers achieve the goal of wealth inheritance.
The report shows that the core purpose of setting up family trust for high net worth people is to protect the inheritance of wealth. In 2020, the mentioning rate of family trust among the high net worth group will exceed 30%, and it will become the main inheritance tool used by high net worth people in China. There will be more than 240000 family trust potential groups. It is estimated that by 2021, the potential group can transfer into the family trust, and the scale of assets will exceed 10 trillion yuan. In terms of geographical distribution, high net worth individuals from seven provinces / municipalities directly under the central government, including Guangdong, Beijing, Shanghai, Jiangsu, Shandong, Zhejiang and Hubei, are most likely to use family trust services.
More than half of China’s high net worth people said in the survey that they will gradually add assets into family trust in the next three years, making it the main way to hold family assets.
The report also points out that when setting up family trust, most of the high net worth people choose to build trust structure first, and then gradually improve the distribution terms. In the operation of family trust assets, most of China’s high net worth clients’ investment in family trust is more conservative than that in individual account investment. On the investment decision-making power of family trust, most of the clients still want to retain the investment decision-making power, and tend to make decisions independently after listening to the suggestions of the institutions.
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