Jing Wong, executive deputy general manager of private banking department of China Merchants Bank, said that the first family trust scheme was launched from May 2065438+2003. As of July, China Merchants Bank's family trust customers 10 are all high-net-worth customers, with financial assets 1 billion yuan and total assets exceeding 500 million yuan. At present, the contracted customers are mainly concentrated in northern cities, all of which are private entrepreneurs. The scope of family trust management is mainly financial assets, including part of equity, but excluding real estate, which accounts for a large proportion in the property allocation of high net worth people in China.
In addition, due to different regulatory environments at home and abroad, independent trust plans are adopted for overseas assets. At present, the scope of family trust management is mainly domestic assets. "In developed regions such as Europe and America, the most important role of family trusts is to help the rich avoid taxes reasonably. Once the China estate tax is introduced, it will definitely promote the development of China family trust. " Sun Fei said.
China high net worth people have entered the stage of "wealth inheritance". China Private Wealth Report 20 13 jointly issued by China Merchants Bank and Bain Consulting Company shows that "wealth protection" has become the primary goal of wealth management for high net worth individuals in China, and the demand for "wealth inheritance" is further obvious. Michael Thorneman, president of Bain Consulting in Greater China, pointed out that about one-third of high-net-worth individuals are currently making wealth inheritance arrangements, and seek to complete wealth planning with the help of family trusts, tax planning, insurance planning and other tools.
At present, the development of domestic family trust still faces many bottlenecks. According to the report of noah wealth, a third-party financial institution, trust is the foundation of trust, but at present, most domestic high-net-worth people start from scratch and prefer to manage their own finances. On the other hand, because trust companies still have a lot of profit space in traditional businesses such as collective trust, their enthusiasm for developing property trust business is not high.
Lin Jianguo, executive director of BOC International Holdings Limited, believes that family trusts are very mature in Hong Kong, and rich people are used to choosing family trusts to ensure the inheritance of wealth. In Hong Kong, the assets that family trusts can hold include real estate, stock portfolio, family business, columns and copyrights. As Hong Kong directly faces the global market, there is no geographical restriction on trust management, and the investment portfolio is more diversified. Family trust has become a magic wand for Hong Kong high-net-worth people to break the curse of "not being rich for three generations".