After 30 years of economic liberalization in China, the first generation of entrepreneurs is gradually taking a back seat. Successional arrangements and cross-generational family asset management are rapidly gaining in importance.
Dr. Markus Braun, Head of International Business at the Department of Banking and Finance (DBF), was invited by the Chongqing Financial Affairs Office in China to develop a training program to address familiy business and wealth management. The program created as a result aims to introduce participants to the European model of the family office and generational succession practices of companies in Switzerland.
Companies in Switzerland and Europe are well placed in terms of receiving financial planning advice. For many years now, they have been able to draw on professional support with regard to generational succession. This was the topic of the workshop held by Markus Braun’s team of experts in Chongqing, China, from 21-23 June 2017. It received high praise from Frank Eggmann, Consul General of Switzerland in China, who stated that “the seminar proved to be highly professional and the participants were literally “glued” by the subjects presented.”
The cantonal government of Zurich, represented in particular by its Division of Business and Economic Development, and the government of the province of Chongqing China, have maintained close economic and cultural ties for many years. The invitation for the DBF International Business team to run another workshop further strengthens this exchange.
The DBF is a competence center for all aspects of financial and asset management, which enabled us to design and run this comprehensive workshop. Its content is also an integral part of the MAS in Wealth Management program currently being launched in China by the DBF in cooperation with Jiao Tong University, Shanghai.