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Event Date Thu Nov 11 HKT (19 days ago)
In your timezone (EST): Thu Nov 11 2:00am - Thu Nov 11 3:00am
Location Virtual
Region All

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?

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 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.


2021 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
Chief Executive Officer Hong Kong, Private Client Services by Mercer

Fred Wong
Head of HNW Solutions Hong Kong & NE Asia, Quilter International

Amy Zhang
Director of Trust Services, Private Wealth, Vistra

Hengka (Henry) Ji
Partner, Zhong Lun Law Firm

Sponsors & Partners

2021 Sponsors

• Quilter International
• Mercer
• Private Client Services