In 2020, almost 70 percent of surveyed private banking clients in China stated that the main reason to establish a family trust was to plan the intergenerational transmission of wealth. Only 0.17 percent of respondents stated that philanthropy was the leading reason to set up a trust.
Most valued functions of family trust services by China's high-net-worth individuals (HNWI) as of 2020
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Eastmoney.com. (December 7, 2020). Most valued functions of family trust services by China's high-net-worth individuals (HNWI) as of 2020 [Graph]. In Statista. Retrieved May 28, 2022, from https://www.statista.com/statistics/1012917/china-key-functions-of-family-trust-services-hnwi/
Eastmoney.com. "Most valued functions of family trust services by China's high-net-worth individuals (HNWI) as of 2020." Chart. December 7, 2020. Statista. Accessed May 28, 2022. https://www.statista.com/statistics/1012917/china-key-functions-of-family-trust-services-hnwi/
Eastmoney.com. (2020). Most valued functions of family trust services by China's high-net-worth individuals (HNWI) as of 2020. Statista. Statista Inc.. Accessed: May 28, 2022. https://www.statista.com/statistics/1012917/china-key-functions-of-family-trust-services-hnwi/
Eastmoney.com. "Most Valued Functions of Family Trust Services by China's High-net-worth Individuals (Hnwi) as of 2020." Statista, Statista Inc., 7 Dec 2020, https://www.statista.com/statistics/1012917/china-key-functions-of-family-trust-services-hnwi/
Eastmoney.com, Most valued functions of family trust services by China's high-net-worth individuals (HNWI) as of 2020 Statista, https://www.statista.com/statistics/1012917/china-key-functions-of-family-trust-services-hnwi/ (last visited May 28, 2022)
