娃哈哈争产案后的家族信托市场：设立门槛1000万，规模超6000亿

Core Viewpoint - The article discusses the recent developments in the inheritance dispute of the late founder of Wahaha, Zong Qinghou, highlighting the legal actions taken regarding his estate, particularly the assets held in a HSBC bank account amounting to approximately $1.8 billion [4][5]. Group 1: Inheritance Dispute Developments - On August 1, the Hong Kong High Court approved the asset preservation request from the plaintiffs (Zong Jichang, Zong Jieli, Zong Jisheng), imposing restrictions on the $1.8 billion in the HSBC account until a final ruling is made by the Hangzhou Intermediate People's Court and the Zhejiang High People's Court [4]. - The court ordered Zong Fuli and Jian Hao Ventures Limited not to dispose of or reduce the value of any assets in the HSBC account, including any substitute assets or recoverable benefits during the specified period [4]. - Zong Qinghou had previously entrusted Zong Fuli to establish trusts totaling $2.1 billion for the plaintiffs, which were not set up as per the agreement [5]. Group 2: Family Trusts in China - The family trust market in China has reached a scale of 640 billion yuan, representing only 2.18% of the total trust assets of 29.56 trillion yuan [8]. - Family trusts are designed for wealth protection, inheritance, and management, with offshore family trusts offering advantages in legal stability, tax policies, and cross-border capital flow [7]. - The structure of family trusts can vary, including standard and customized models, with a significant portion of clients opting for customized trusts that account for 53% of the total trust assets [9]. Group 3: Limitations of Family Trusts - Family trusts face challenges such as outdated legal regulations, unclear tax policies, and high costs associated with non-cash asset transactions [12]. - The core function of family trusts is to achieve asset risk isolation and wealth transmission, but there is a tendency to focus excessively on returns rather than their governance and isolation capabilities [11][12]. - The diverse business models of family trusts include high-threshold cash trusts and low-threshold insurance trusts, reflecting a growing interest in wealth management solutions [11].