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A massive intergenerational wealth transfer in China is fundamentally altering the wealth-planning landscape, as globally educated, next-gen heirs increasingly bypass traditional family generalists in favour of institutional-grade, specialised advisors, according to Union Bancaire Privée (UBP). Previously, Chinese clients were guarded, often gathering fragmented information from different sources for wealth planning in the past, observed Nelson Hon, senior wealth planner for North…
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