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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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Release date

December 2020



Survey time period


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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