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Chinese family offices focusing on legacy, tax planning as clients are “not ready to hand over assets”

Jianlai Lu, executive general manager, partner at Deyu Family Office

Reflecting the current demands of wealthy families in China, less than a quarter of the specialists at Shanghai-based Deyu Family Office have a background in banking – the company employs five former bankers and 17 tax planning, trust, insurance and legal services professionals. That resonates with a recent report by Huiyu Family Office Think Tank, which says that within Chinese…

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