Wealth management has always been a topic of great discussion. However, currently, there is a trend of generalization and abstraction regarding the concept of wealth management, and a basic framework for wealth management is still lacking. On March 1st, Longan Guangzhou successfully organized the event “Dialogue: What is Wealth Management? – Reconstructing and Practicing Past Concepts”. Members of the Dishi Team at Longan Guangzhou, Lawyer Li Dingbang, who is the deputy director of the Marriage and Family Affairs Department at Longan Guangzhou, Senior Advisor Dai Wenjun from the Dishi Team, and Gao Wei, a director of Guangzhou Grand Hall Investment Holdings Group Co., Ltd., shared their insights and engaged in discussions. In addition to the internal colleagues from Longan Guangzhou who actively participated in this event, some partners and experts were also invited to attend the event to discuss and propose new ideas for wealth management for entrepreneurs in the new era, along with legal solutions.
Over the past 40 years since the reform and opening up, there have been profound changes in China’s social and economic landscape. The increasingly developed market economy system and favorable business environment have produced many outstanding private entrepreneurs. They seized the opportunities of the times, faced challenges without fear, and actively created wealth, contributing significantly to the increase in job opportunities and the high-quality development of the economy. At the same time, the massive accumulation of wealth also brings potential or real risks related to families, enterprises, etc. Therefore, the need for wealth management is even greater than ever before.
In the new era, how to correct the outdated views on wealth management, and how to provide accurate, comprehensive, and genuine wealth management services for enterprises and entrepreneurs, are topics that need to be focused on and discussed. This is also a key focus of this event.
The event was conducted in the form of a dialogue. The three guests discussed the basic concepts and frameworks of wealth management. They also discussed how various enterprises and entrepreneurs can carry out accurate wealth management under the new era. The three guests analyzed the past concepts of wealth management from both theoretical and practical perspectives.
Dai Wenjun, Senior Advisor
Senior Advisor of the Dishi Team at Longan Guangzhou
Dai Wenjun, a senior advisor from the Dishi Team, shared the concerns and needs of high-net-worth individuals and entrepreneurs regarding taxation from the perspective of wealth management. He analyzed the concerns of high-net-worth individuals and entrepreneurs regarding wealth risks, and discussed the urgent needs for wealth management from the perspective of entrepreneurs. He also discussed various methods of managing wealth in areas such as family offices, trusts, insurance, securities, and banks. Then, he analyzed the tax-related matters related to family businesses and cross-border family/enterprises. Finally, Dai proposed the concept of integrated wealth management, explaining it from the perspectives of global asset allocation, tax planning, risk isolation, and wealth inheritance. He emphasized the importance of integrated wealth management in today’s era.
Li Dingbang, Lawyer
Member of the Dishi Team, Deputy Director of the Marriage and Family Affairs Department at Longan Guangzhou
Li Dingbang, a lawyer from the Dishi Team and the deputy director of the Marriage and Family Affairs Department at Longan Guangzhou, shared his views on the new trends and prospects of wealth management in the post-Book of Family Law era. He analyzed the current situation of wealth management and inheritance markets, the impact of the Book of Family Law on wealth management and inheritance, and the needs for wealth management in the new era. He discussed new systems and judicial interpretations within the Book of Family Law, as well as trusts, insurance, and foreign-related areas. He also discussed typical recent cases, including the Zhanglan Trust case, and pointed out the potential wealth risks faced by entrepreneurs. Then, he discussed tax and criminal issues, analyzing the new challenges in wealth management from multiple angles. He provided professional advice on diversified investment portfolios, legal wealth planning, and the proper use of tools.
Gao Wei, Director
Director of Guangzhou Grand Hall Investment Holdings Group Co., Ltd.
Gao Wei, a director of Guangzhou Grand Hall Investment Holdings Group Co., Ltd., interacted with the two guests and discussed the content shared by the other guests. Gao Wei also recognized the importance of wealth management in today’s era. Based on his experience, he discussed investment issues, especially in the post-pandemic era. He analyzed industries such as pharmaceuticals and services, and discussed the new requirements for investment from the perspective of wealth management.
“Dialogue: What is Wealth Management? – Reconstructing and Practicing Past Concepts” Event Concluded Successfully! In the future, Longan Guangzhou and the Dishi Team will organize more similar events to establish Longan Guangzhou as a leader in wealth management, providing more comprehensive and high-quality services to customers.