China Family Office Wealth Transfer Wave to Reach USD2.8tr

Family offices in China are shifting from rapid expansion towards higher-quality development as the country prepares for what industry executives describe as the largest intergenerational wealth transfer in its history.

The China family office wealth transfer wave is expected to involve more than RMB20tr (USD2.8tr) over the next decade, according to a white paper released by WRISE Group and research firm Puyi Standard.

WRISE said the China family office wealth transfer trend is increasing demand for family offices capable of handling cross-border compliance, global asset allocation, governance and succession-planning services.

The report was released alongside the opening of WRISE’s Chengdu office, which the company said would strengthen links between western China and international financial centres such as Hong Kong and Singapore.

The findings highlight growing institutionalisation within China’s family office sector as wealthy families seek more sophisticated structures to manage succession, governance and international diversification during a period of large-scale intergenerational wealth transition.