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Limited resources hamper HNW families in China

Fraught with cultural complexities that house the propensity for dispute, HNW families undergoing transgenerational succession planning are facing challenges, says the head of wealth planning, trust and insurance at Bank of Singapore (BOS). “There are concerns about the resources available to Chinese families,” says Woon Shiu Lee, adding that there is a distinct difference in the family business and succession structures…

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