As
the global economy slowly recovers, the asset and wealth management
industry in China continues to show significant growth, with assets
under management (AUM) reaching RMB 68 trillion by the end of 2021. A
recent Forbes report revealed that China is home to the second-highest
number of billionaires in the world, totaling 608 billionaires in 2022.
This rapid growth in wealth has led to a spike in demand for family
offices in China. To gain insights into the latest trends and practices
of family offices in Mainland China, the Financial Services Development
Council (FSDC) and the Global Family Business Research Center at
Tsinghua University PBC School of Finance have jointly produced a
research paper titled "China Family Office Report 2022."