[eNews] Alumni Seminar on Family Business

On 21 August 2018, our faculty Professors Roger King, who is also our PhD alumni, together Professor Winnie Peng, both from the Tanoto Center for Asian Family Business & Entrepreneurship Studies shared their insights into Chinese family businesses with alumni.

They explained that in Hong Kong, 15 major family groups represented of 80% of GDP and that there is a Chinese saying that “wealth does not pass beyond three generations.”  However Professor King and Peng believe that Chinese family businesses can actually prosper for multiple generations if they combine the strengths of family and business. These businesses tend to provide better returns to shareholders and are better places to work. “The three success factors are: a sustainable business model, a good balance of Western and Asian values, and pruning of ownership,” said Professor Peng.

The lunch seminar attracted over 30 alumni who are operating family businesses, and working in related finance functions.


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