China Family Office Report 2022
29 Sep 2022
While the global economy is still on the road to recovery, growth of the Chinese asset and wealth management industry continued to pick up, with its assets under management (AUM) reaching RMB 68 trillion at the end of 2021. According to Forbes, China stood as the home to second-most billionaires in the world, hosting a total of 608 billionaires in 2022. Such a rapid growth of wealth has given rise to an increasing demand for family offices in China.
With an aim of looking further into key trends and know-hows 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 developed a research paper titled “China Family Office Report 2022”.