After more than 40 years of reform and opening up, China’s most indispensable thing is the rich. Whether it’s a millionaire or a multi-millionaire or even a billionaire. China's richest people are definitely among the first. In China, there are tens of thousands of billionaires alone, and their total assets are even more numerous.

For ordinary people, the rich are worth tens of billions, have endless money to spend, endless luxury cars to drive, and endless luxury homes to live in. These are all high points that ordinary people cannot reach in a lifetime of hard work. But for the rich, they also have "troubles" that ordinary people cannot understand. For example, for money that cannot be spent in a few lifetimes, the rich have to find someone to "manage the accounts."

Chinese people very much agree with the motto of the older generation. Take the saying "You can't get rich for more than three generations" that has been applied to countless rich families. There are indeed many rich people in China, but most of them are "short-lived". . A person worth tens of billions is like a flower in the water or the moon in the mirror, which disappears in just a few years.

The wealthy families in Hong Kong, China, have always been very famous. The reason is the "longevity" of these wealthy families. Unlike some rich people who disappear after being rich for only three generations, most of the rich families here have been passed down to the third or even fourth generation. And their wealth is accumulating more and more.

As for how the rich manage their wealth, it is naturally not the way we ordinary people manage it. If we have some money, we just put it in the bank to earn interest. Rich people often have hundreds of millions of dollars in cash, and they will only suffer losses if they put it in the bank. With an annual interest rate of 5%, the rich can earn back their money in minutes.

We often see some news that some super rich people in China place their properties in foreign trust institutions. Liu Qiangdong of JD.com is an example. Some people even say that once Liu Qiangdong and Zhang Zetian divorce, , Zhang Zetian can only get 1 yuan of marital property, and the trick lies in this foreign trust fund.

Different from foreign tycoons, domestic tycoons generally manage their assets in two categories. Although they also include trusts, funds, etc., compared with foreign trusts, domestic trusts are not Perfect, this is why domestic wealthy people are more willing to go abroad to handle trusts.

First: “Family Offices” established by wealthy families themselves

It’s actually very simple on paper. Those super-rich bosses don’t trust letting others manage their money. In the end, Establish your own family office and manage your own assets.

Second: Traditional wealth management centers

We all know that traditional financial institutions are nothing more than private banks, trust companies and insurance companies. Under normal circumstances, wealthy people will choose institutions with high brand recognition, put part of their property in the institution, and let specialized people manage it.

Both of the two wealth management methods mentioned above have their own advantages and disadvantages. The advantages of family offices established by the wealthy themselves are good privacy, but the disadvantages are low brand recognition and professional assets. Governing bodies cannot compare.

Wealth is a double-edged sword. If you manage it well, you will get better. If you manage it poorly, you will lose everything. If you are not a professional wealth manager, you can choose financial institutions with popular brands. Although the income is limited, the security is completely guaranteed.