Parents begin wealth transfer plans when children are as young as four
Affluent parents in Hong Kong and mainland China are initiating wealth transfer plans for their children at increasingly younger ages, with some starting as early as age four. A survey by DBS Hong Kong found these parents are setting aside an average of HK$5 million for the next generation, driven by rising education costs and market uncertainty. Financial education is also a priority, with most parents believing it should begin by age 13, and many are considering overseas education, with banks like DBS offering integrated services to support these long-term financial goals. AI
