2021中国家族财富与家族办公室调研报告.pdf

?0404 050608111213141617182022252831323436384143444852BEIJINGGUANGZHOUSHANGHAIHONG KONG5357 5860636464656565666667 6769717274SHENZHENZHEJIANGHAIKOUHEFEI,ANHUI?4?5?6?7?8?9?10?111?1?21%?21%16%12%10%8%3%8%?127 Campden Wealth/UBS,Global Family Office Report 2019,p.13.?11%2%3%6%5%11%9%14%12%28%?15%12%5%14%2%6%14%15%17%?3%20%38%26%12%?13?45%40%11%5%6%12%6%8%3%3%2%3%2%3%3%2%3%2%?2%?9%?28%?3%?14?3%32%2%?2%?2%?2%?8%?2%HEBEI17%?2%?2%?2%?2%?2%?7%10%?7%?35%2%?2%?2%?3%?29%?2%?2%?3%?2%?11%?8%?15?38%17%20%5%6%3%5%6%?64%12%24%?2 56 1011+?16?217?2?18?49%27%22%2%?0%7%4%18%56%16%?19?25%14%3%?59%10?29%24%24%17%6%?20?2279911?20202021?21?65%62%40%21%6%6%10%?56%52%52%40%19%6%2%4%11 Campden Wealth/UBS,Global Family Office Report 2019,p.72?22?25%13%13%11%10%28%?23?24%19%13%9%7%7%6%5%2%5%4%8%10%11%11%7%7%11%9%11%7%9%5%5%9%8%8%8%10%8%12%14%11%?24?90%81%62%60%23%23%35%?85%71%69%69%69%58%45%45%43%32%29%29%28%26%23%2%?25?5%76%18%?42%16%42%?46%7%46%?42%18%39%?17%41%41%?55%3%42%?36%17%47%?20%40%40%?5%5%65%65%30%30%?28%32%40%?42%32%26%?23%33%45%?8%58%33%?61%9%30%?50%16%34%?20%37%43%?12%54%35%?52%9%39%?45%16%39%?20%36%44%?48%24%29%?28%22%50%?28%25%47%?26?25%28%28%14%5%43%44%11%2%37%52%11%66%33%2%?95%3%2%78%20%2%58%29%14%13 Harvard Business Review,Understanding Trust,In China and the West,David De Cremer,Feb 201512?27?28?29?30?331?323%15%8%8%15%31%?32?8%15%23%54%2020202120222023 or later?33?33%?42%?8%?8%?8%?257?27%24%21%12%9%3%3%3%?34?69%62%54%54%15%0%?54%50%42%38%38%33%31%31%46%42%58%54%62%58%69%69%0%8%0%8%0%8%0%0%?35?50%50%45%44%40%36%25%0%0%40%20%45%22%10%64%75%44%73%10%30%10%33%50%0%0%56%27%?36?73%67%60%45%38%27%22%0%18%11%20%55%35%27%44%13%9%22%20%0%38%45%33%88%?图 3.10?69%69%69%62%15%0%0%?37?38?36%9%55%15%31%54%27%18%55%25%17%58%50%0%50%?40%0%60%21%21%57%21%21%57%?50%10%40%27%27%45%0%50%50%27%27%45%23%23%54%9%45%45%?33%20%47%40%10%50%25%25%50%24%29%47%45%0%55%46%15%38%46%15%38%25%17%58%55%9%36%?39?40?441?4?42?21 Bloomberg,Chinas plan to trim debt makes stock market reforms more urgent,Mar 2021.43?35%30%35%33%39%28%?44?1%?1%?19%10%4%20%1%0%?13%?21%?45?46?-100100-9090-8080-7070-6060-5050-4040-3030-2020-10100?63%44%29%32%39%29%13%18%0%10%23%9%+53%+38%+18%+16%+13%+12%+9%-3%-9%-5%-11%0%10%6%11%16%26%17%14%21%9%15%34%9%27%50%61%51%32%54%83%61%91%75%43%82%?47?-100100-9090-8080-7070-6060-5050-4040-3030-2020-10100?68%50%14%13%18%12%8%18%25%18%15%11%+62%+40%+14%+10%+13%+8%+4%0%-2%-2%-6%0%6%10%0%3%5%4%4%18%27%20%21%11%26%40%86%83%77%84%88%64%48%62%65%58%?48?86%77%54%43%42%29%17%?29%?71%?49?-100100-9090-8080-7070-6060-5050-4040-3030-2020-10100?52%39%31%29%37%13%0%+50%+22%+22%+9%+9%-7%-11%2%17%9%20%28%20%11%46%44%59%51%35%67%89%?50?82%71%11%46%3%43%0%17%42%5%29%29%22%2%12%9%9%17%6%?80%72%69%62%54%49%48%?51?35%28%23%16%11%7%4%3%3%3%1%7%?52?53?54?55?56?557?5?58?33%22%19%11%9%6%?59?63%42%40%40%35%18%5%?75%71%60%57%45%29%?60?29%25%24%14%0%8%?61?47%46%36%34%44%39%33%32%37%38%42%38%36%41%45%48%16%16%22%28%20%20%22%20%?33%30%20%17%?62?663?6?64?65?66?67?68?769?7?70?71?72?73