“接班潮”来了！300多万家民企、数十万亿资产，如何跨越代际鸿沟？

Core Insights - Over 3 million private enterprises in China will face generational succession challenges in the next decade, involving asset scales reaching hundreds of billions [2] - The transition from "founder generation" to "second generation" leadership is a significant milestone for the Chinese private economy [2] - The second-generation successors generally possess international education and experience, focusing on digital transformation and global expansion [2][3] Succession Challenges - Only 30% of family businesses globally survive to the second generation, with less than 12% reaching the third generation [5] - Institutional governance, cultural integration, and clear delineation of responsibilities are core challenges faced by second-generation entrepreneurs [5] - Many private enterprises are establishing family offices and creating governance frameworks to ensure sustainable entrepreneurial spirit [5] Innovation and Global Expansion - Innovation has become a primary driver for many private enterprises, with significant increases in R&D investment [7] - Private enterprises are rapidly growing in number and quality, particularly in high-tech sectors such as AI and quantum communication [7] - The "going global" strategy is evolving from traditional product exports to comprehensive, high-quality global layouts [8] Investment Trends - Investment in "Belt and Road" countries is becoming a core growth area for private enterprises [8] - The focus of overseas mergers and acquisitions is shifting towards high-tech industries, with TMT, advanced manufacturing, and life sciences as the top three sectors [8] - Chinese private enterprises are leveraging breakthroughs in key technologies to enhance their global market presence [8]