What sets the crazy rich Chinese apart from other family offices in Singapore
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Kelly Ng
ENTREPRENEURIAL, open to ideas, and raring to go – these are among the adjectives that come promptly to the minds of bankers and consultants when asked to describe the super-rich Chinese setting up family offices in Singapore.
Unlike their more-established counterparts from Europe and South-east Asia, the patriarchs and matriarchs from China are typically first or second-generation businesspeople.
A large part of their wealth is tied up with their family businesses, with many driven by economic and political reasons to diversify into Asean.
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