1、Regeneration of Family Businesses in China:December 2022Nurturing tomorrows entrepreneurial 2022 KPMG Huazhen LLP,a Peoples Republic of China partnership,KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland,KPMG,a Macau(SAR)partnership,and KPMG,a Hong Kong(SAR)partnership,are

2、member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2Regeneration of Family Businesses in China:Nurturing tomorrows entrepreneurial leaders38About KPMG Private Enterpris

3、e39About the CUHK Centre for Family BusinessAbout the STEP Project Global Consortium3906Global wisdom08Understanding family businesses in China12A helicopter view on regeneration14Keeping the founders entrepreneurial spirit alive16Interview:Jack Yeung,Founder and CEO,OIC Capital18Leading with style

4、in the disruptive era22Love:reinforcing emotional value of family ownership26Governing:driving performance and supporting regeneration30Interview:Rex Wong,CEO,Kum Shing Group34Holistic performance36Harnessing the regenerative power of family businesses03Foreword04About the study05Executive summary32

5、Family offices as a regenerative toolKarmen YeungNational Head of Private Enterprise KPMG ChinaKevin AuMember of Global Scientific Council of STEP Project Global ConsortiumForewordFor many years since it joined the World Trade Organisation,China has been a leader for economic growth.As the global ec

6、onomy has faced challenges due to the ongoing COVID-19 pandemic,heightened geopolitical tensions and the effects of climate change,family businesses in China have felt the effects as acutely as their counterparts in other Asian and Western countries.Speed is being replaced by resilience as the conce