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What sets the crazy rich Chinese apart from other family offices in Singapore

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Kelly Ng

Kelly Ng

Published Wed, Sep 28, 2022 · 05:50 AM
    • About 44 per cent of new family offices in Singapore were from Greater China, as at April this year.
    • About 44 per cent of new family offices in Singapore were from Greater China, as at April this year. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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