An interview with Tiffany Fan on her takeaways of the ?2021 China Wealth Management and Family Office Survey Report?
The interview focuses on Tiffany Fan's takeaways of the ?2021 China Wealth Management and Family Office Survey Report?. She reports that there has been a significant increase in the number of family offices, with a strong interest in planning for the succession of the family wealth. In terms of investment strategies, she finds that Covid-19 has had an effect: ?The investment strategy of the family office in 2020 has begun to shift towards value preservation. Before the Covid-19 pandemic (before 2020), more family offices pursued a growth-oriented investment strategy. After Covid-19, this proportion dropped to 30%. More people are turning to hedging-oriented strategies and balanced wealth management strategies?. She comments that the same issues are a top concern there - succession planning and including the next generation.