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    2020年中国家族财富管理发展综述

    摘要

    在2020年这一特殊年份,人们以最大的跨度认知了家族财富的内涵,经历了同时发生的众多不确定性事件,见证了最多的历史事件。这一年,家族财富管理朝着更加成熟的方向发展,财富创造依旧保持增长;财富保障经受住了多重风险的挑战。家族财富管理需求呈现复杂化,包括对于财富增长需要更多的组合安排、创二代纷纷加入财富传承的行列、家族财富传承与家族治理相结合的尝试开始出现等。在市场环境和客户需求引导下与监管政策的鼓励下,家族财富管理机构的专业化进一步加强,包括通过财富传承工具实施新的产业布局、探索跨境财富传承专业化管理。同时,顶层制度的设计和实施关系着国民财富的可持续发展。除此之外,家族客户的财富传承和管理理念的更新、家族财富管理行业的从业规范和准入标准建设,以及建立符合财富传承逻辑的长期资产配置方案等是家族财富管理中的重要因素。应进一步加快家族财富传承制度的顶层设计和实施,促进海南自由港离岸信托试点,形成具有中国特色的家族财富管理文化和受托管理文化,逐步建设家族财富的长期风险管理体系等。

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    Abstract

    2020 was an extraordinary year. During this year,people recognized the functions and contexts of familial wealth across the greatest span,by facing abundant uncertainties and historical events in persons. Family wealth management thus developed in an even more mature manner,such as keeping consistency in creating wealth,while experiencing multiple challenges and risks in wealth insurance. Diversification and complexity in demands of familial wealth development grew obviously,as manifested as growing needs for more supplementary combinations of wealth growth,participation of the second generations of entrepreneurs in family wealth legacy planning,and trials of blending family wealth management with family governance. Leading by market environment and customer needs,as well as the encouragements brought by existing regulatory guides,FWM organizations specialized professional services to a greater extent. For example,renewing property allocation via wealth inheritance instruments,and explorations in professional management services of cross-border wealth inheritance. To fulfill the expectations of high-net-worth individuals(HNWIs)or the management targets,macroscopic designs in legislation and enforcement of the related laws and regulations has become the most imperative in the sustainable development of national property. On the other hand,renewal of wealth inheritance and corresponding management ideas of familial clients,construction of professional standards and admittance criteria of FWM industry,and building long-lived asset allocation strategies according to wealth inheritance philosophy,are important in FWM supervisions. This article draws conclusions by providing expectations and suggestions to FWM future development,such as further enhancements of the legislation and enforcement of laws of family wealth legacy planning,concrete measures for setting up pilot project of offshore trust in Hainan Free Trade Port,composition of Chinese-charactered family wealth management and trustee management cultures,as well as construction of long-term risk management mechanisms of family wealth,etc.

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    作者简介
    李文:李文,清华大学国际金融博士,民生私人银行创始人。
    朱闵铭:朱闵铭,外贸信托财富管理中心副总经理兼财富管理中心投资配置部总经理。
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