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Will inheritance tax emerge in China in the coming years? Will the government consider an amnesty, Indonesia-style to help draw some of the vast offshore Chinese wealth back to the Mainland? Will the state introduce tax changes or incentives to help keep more money onshore? Will they introduce punitive tax rates and punishments for citizens holding wealth offshore? Will the Mainland China wealth management industry be able to work effectively to help private clients achieve the right solutions and outcomes? Is there sufficient onshore expertise available, or how will they work with the offshore wealth and professional services experts, for example through nearby Hong Kong? What’s the role of HNW Insurance? These and many other questions will be debated on November 11 in our Hubbis Digital Dialogue event that will focus on the future of wealth, estate and legacy planning for China’s increasingly deep ranks of HNW and UHNW individuals and their families.

There is no doubt that wealth, estate and succession planning solutions are key areas enjoying increasing emphasis in the wealth management market across the Asia region, where private wealth has been increasing so rapidly, even in many cases throughout the pandemic. The older generations holding so much of the ‘older’ wealth and traditional businesses are being supplanted and supplemented by the vast and rapidly growing suite of wealthy and often uber-rich entrepreneurs across the country. And more and more of the younger generations are returning from overseas armed with their Western education and plans for the future, ready both to inherit some of China’s vast private wealth and to build the enterprises to create tomorrow's economic dynamism.

For the wealth management industry to thrive in China and to cater to the proliferating demands of these increasingly discerning private clients of all ages, there is no doubt that the quality of advice on investments, wealth structuring, and on the vital topic of estate & succession planning must all evolve. There is accordingly growing emphasis on both greater professionalism amongst the RMs and advisors, on creating dedicated legacy & succession planning teams and expertise within the private banks and wealth firms, and on the related expansion of the relevant products and solutions that the industry can offer in order to keep their private clients properly organised and well set for the future.

The Hubbis Digital Dialogue of November 11 will therefore discuss the evolution of carefully planned and well-executed estate and succession planning, set within the context of the evolution of the wealth management industry in Mainland China. An erudite panel of experts will review the current environment in China, the progress to date and the experts will opine on what steps must be made by the various parties – from the private sector incumbents to the regulators - to more fully set the wealth and legacy planning industry on the road to realise more of its full potential. And the panel will analyse what the private clients must themselves do to expedite more optimal wealth planning, legacy and succession structuring and solutions.

Nov 11

Wealthy Chinese Families and the Future of Wealth, Estate &...

3.00pm - 4.00pm HKT/SGT

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A community of leading organisations within Asian Wealth Management

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Senior figures in Asian Wealth Management are speaking at this event

Christina Wong

Private Client Services by Mercer

Lee Woon Shiu

DBS Private Banking

Yanyi Choy

Hywin International

Amy Zhang

Vistra Private Wealth

Hengka (Henry) Ji

Zhong Lun Law Firm

Fred Wong

Quilter International

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Event Agenda
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  • 15.00pm

    Wealthy Chinese Families and the Future of Wealth, Estate & Legacy Planning

    • What is the attitude of the government towards offshore wealth, and is there a likelihood of a tax amnesty to bring more offshore wealth onshore?
    • What about the potential for inheritance tax in China, is this a possibility or highly unlikely?
    • Is it likely the government will change tax rules to encourage more onshore wealth management and to promote more formalised estate and legacy planning in China?
    • What’s the role of HNW Insurance?
    • How are China’s business founders, patriarchs, matriarchs and their families nowadays handling their estate and family business succession needs?
    • Is the wealth management industry paying sufficient attention to these needs and elevating their skills and offering to cater to needs and expectations?
    • Are the private bankers and independent wealth management experts capable of working efficiently with lawyers, trustees and other specialist advisors to help create and execute successful succession plans and legacy structures that are also compliant with current regulations and tax rules?
    • What role does family and business governance play in these plans?
    • How does the wealth advisory community deliver advice and structures across multiple jurisdictions if the Mainland China clients and/or their families are more globally diversified, as they so often are?
    • How closely involved are the second and third generations be in this estate and succession planning, and how involved should they be?
    • What is the approach to trust structures and is this a significant growth area in the future?
    • What is the state of the trust industry in China?
    • How do life insurance solutions work alongside effective estate and legacy planning, and what solutions are popular or increasing in prominence?
    • Which jurisdictions do Chinese clients prefer to utilise for their wealth planning, trust structures and Insurance?
    • What role does Residency and Citizenship planning play in the overall estate and legacy planning?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Lee Woon Shiu

    Managing Director & Regional Head of Wealth Planning Family Office & Insurance Solutions

    DBS Private Banking

    Yanyi Choy

    Head of Wealth Planning

    Hywin International

    Christina Wong

    CEO Hong Kong

    Private Client Services by Mercer

    Fred Wong

    Head of High Net Worth Solutions, Asia

    Quilter International

    Amy Zhang

    Director of Trust Services, Private Wealth

    Vistra Private Wealth

    Hengka (Henry) Ji

    Partner

    Zhong Lun Law Firm

  • 16.00pm

    Webinar Ends

Nov 11

Wealthy Chinese Families and the Future of Wealth, Estate &...

3.00pm - 4.00pm HKT/SGT

Speakers

Christina Wong

Private Client Services by Mercer

Lee Woon Shiu

DBS Private Banking

Yanyi Choy

Hywin International

Amy Zhang

Vistra Private Wealth

Hengka (Henry) Ji

Zhong Lun Law Firm

Fred Wong

Quilter International

Nov 11

Wealthy Chinese Families and the Future of Wealth, Estate &...

3.00pm - 4.00pm HKT/SGT

Partners

platinum

Nov 11

Wealthy Chinese Families and the Future of Wealth, Estate &...

3.00pm - 4.00pm HKT/SGT