China Europe International Business School (CEIBS) released a white paper to describe China’s second-generation inheritors of family business on Saturday.
Based on 521 questionnaires collected by the white paper, 44 percent of these inheritors are working for family firms, and expect to take over the family business; only 8 percent of them said they do not want to carry on their parents’ business.
Most of the inheritors have entrepreneurial zeal and are excited by the policies to encourage startups, and decided to show their abilities on enterprises operation and management, the white paper said.
Compared to other people’s difficulties in seeking funds at the beginning of startup, 62 percent of these inheritors received angel investments from the families firms.
Among all of respondents, 22 percent of them did not receive funds from the families firms; 16 percent of them said they have no plan to start their own business.
The inheritors have positive attitude to capital market. According to the white paper, half of these inheritors think their families firms should list on stock markets, and 9 percent of them do not support the idea.
Over 80 percent of the inheritors have good education background, with 49 percent having bachelor’s degree, 35 percent having…
Will Myanmar’s coup help China influence ASEAN?
The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.
In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.
Subscribe via Email
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major...
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will...