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Leading reasons for using family trust services by China's HNWIs 2020

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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Sources

Release date

December 2020

Region

China

Survey time period

2020

Number of respondents

588 respondents

Special properties

HNWIs using family trust service

Method of interview

Questionnaire and personal interview

Supplementary notes

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Statistics on "Private wealth management in China"

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