The Forbes China 2019 Rich List published this month showed a jump in the fortunes of the top 400 richest (see link here). Compared with the U.S. and Europe, most top family businesses in China are still in the hands of their founders. What are some of the key trends among older family businesses on the new list? Many family businesses operate in traditional areas such as manufacturing and agriculture, and trace their history to the early stages of China’s economic reforms that started in the late 1970s. Third, besides being agents of change, some second-generation family members are taking over management control of entire family enterprises.

Source: Forbes November 30, 2019 11:36 UTC