HSBC Private Bank Family-Owned Businesses in Asia Report 2025: $5.8 Trillion Intergeneration Wealth Transfer in APAC from 2023 to 2030, Top 5 Countries Important for Business Succession in Family are India, China, United Kingdom, Singapore, UAE, Top 5 Countries with Business Succession Plan in Place are Taiwan, Hong Kong, France, China, Singapore, Top Entrepreneurs Positive Emotions When Inheriting Business are Motivated, Proud, Important, Top Entrepreneurs Negative Emotions When Inheriting Business are Obligated, Stressed, Overwhelmed, Top 3 Countries Next Generation Ability to Manage Business in Asia are India, China, Hong Kong , Top 3 Countries Next Generation Ability to Manage Business in Global ex-Asia are United Kingdom, UAE, France
29th May 2025 | Hong Kong
HSBC has released the HSBC Private Bank Family-Owned Businesses in Asia Report 2025, providing key insights on business succession from 1,882 business owners / entrepreneurs with investible assets > $2 million or net worth > $20 million. Intergeneration Wealth Transfer APAC from 2023 to 2030 – $5.8 trillion. Top 5 Countries Important for business succession in family – India, China, United Kingdom, Singapore, UAE. Top 5 Countries with Business Succession plan in place – Taiwan, Hong Kong, France, China, Singapore. Top 3 Countries Next Generation ability to manage business in Asia – India, China, Hong Kong . Top 3 Countries Next Generation ability to manage business in Global ex-Asia – United Kingdom, UAE, France. Top Entrepreneurs Positive Emotions when inheriting business – Motivated, Proud, Important. Top Entrepreneurs Negative Emotions when inheriting business – Obligated, Stressed, Overwhelmed. Top 3 Countries with Most difficulty for business owner to ask for support from older generation – Hong Kong, Singapore, India. Top 2 Countries Entrepreneurs Receiving family support to explore opportunities outside of family – India, China. Top 2 Countries Entrepreneurs Receiving family support to explore opportunities outside of family in Global ex-Asia – United Kingdom, UAE. See below for key findings & summary | View report here
“ HSBC Private Bank Family-Owned Businesses in Asia Report 2025: $5.8 Trillion Intergeneration Wealth Transfer in APAC from 2023 to 2030, Top 5 Countries Important for Business Succession in Family are India, China, United Kingdom, Singapore, UAE, Top 5 Countries with Business Succession Plan in Place are Taiwan, Hong Kong, France, China, Singapore, Top Entrepreneurs Positive Emotions When Inheriting Business are Motivated, Proud, Important, Top Entrepreneurs Negative Emotions When Inheriting Business are Obligated, Stressed, Overwhelmed, Top 3 Countries Next Generation Ability to Manage Business in Asia are India, China, Hong Kong , Top 3 Countries Next Generation Ability to Manage Business in Global ex-Asia are United Kingdom, UAE, France “
HSBC Private Bank Family-Owned Businesses in Asia Report 2025: $5.8 Trillion Intergeneration Wealth Transfer in APAC from 2023 to 2030, Top 5 Countries Important for Business Succession in Family are India, China, United Kingdom, Singapore, UAE, Top 5 Countries with Business Succession Plan in Place are Taiwan, Hong Kong, France, China, Singapore, Top Entrepreneurs Positive Emotions When Inheriting Business are Motivated, Proud, Important, Top Entrepreneurs Negative Emotions When Inheriting Business are Obligated, Stressed, Overwhelmed, Top 3 Countries Next Generation Ability to Manage Business in Asia are India, China, Hong Kong , Top 3 Countries Next Generation Ability to Manage Business in Global ex-Asia are United Kingdom, UAE, France
HSBC has released the HSBC Private Bank Family-Owned Businesses in Asia Report 2025, providing key insights on business succession from 1,882 business owners / entrepreneurs with investible assets > $2 million or net worth > $20 million. See below for key findings & summary | View report here
HSBC Private Bank Family-Owned Businesses in Asia Report 2025
Summary:
- Business Owners / Entrepreneurs – 1,882
- Current owners – 1,798
- Ex-owners – 84
- Countries – Hong Kong, Taiwan, Mainland China, India, Singapore, UAE, Switzerland, France, UK, US
- Wealth – Investible assets > $2 million or net worth > $20 million
- Intergeneration wealth transfer APAC from 2023 to 2030 – $5.8 trillion
- Top 5 Countries Important for business succession in family – India, China, United Kingdom, Singapore, UAE
- Top 5 Countries with Business Succession plan in place – Taiwan, Hong Kong, France, China, Singapore
- Top 3 Countries Next Generation ability to manage business in Asia – India, China, Hong Kong
- Top 3 Countries Next Generation ability to manage business in Global ex-Asia – United Kingdom, UAE, France
- Top Entrepreneurs Positive Emotions when inheriting business – Motivated, Proud, Important
- Top Entrepreneurs Negative Emotions when inheriting business – Obligated, Stressed, Overwhelmed
- Top 3 Countries with Most difficulty for business owner to ask for support from older generation – Hong Kong, Singapore, India
- Top 2 Countries Entrepreneurs Receiving family support to explore opportunities outside of family – India, China
- Top 2 Countries Entrepreneurs Receiving family support to explore opportunities outside of family in Global ex-Asia – United Kingdom, UAE
HSBC Private Bank Family-Owned Businesses in Asia Report 2025
Profile
- Business Owners / Entrepreneurs – 1,882
- Current owners – 1,798
- Ex-owners – 84
- Countries – Hong Kong, Taiwan, Mainland China, India, Singapore, UAE, Switzerland, France, UK, US
- Wealth – Investible assets > $2 million or net worth > $20 million
1) Succession
Intergeneration Wealth Transfer APAC from 2023 to 2030 – $5.8 trillion
Important for business succession in family:
- India – 88%
- China – 83%
- United Kingdom – 82%
- Singapore – 81%
- UAE – 81%
- France – 77%
- Hong Kong – 74%
- United States – 72%
- China – 71%
- Taiwan – 68%
Average – 78%
Have Business Succession plan in place:
- Taiwan – 65%
- Hong Kong – 64%
- France – 59%
- China – 59%
- Singapore – 55%
- China – 54%
- UAE – 48%
- India – 47%
- United Kingdom – 40%
- United States – 37%
Average – 52%
Next Generation ability to manage business in Asia:
- India – 88%
- China – 83%
- Hong Kong – 79%
- Singapore – 74%
- Taiwan – 70%
Next Generation ability to manage business in Global ex-Asia:
- United Kingdom – 91%
- UAE – 88%
- France – 82%
- Switzerland – 81%
- United States – 80%
2) Emotions
Entrepreneurs Positive Emotions when inheriting business – China:
- Motivated – 37%
- Supported – 36%
- Full of Ideas – 30%
- Empowered – 30%
- Proud – 29%
- Important – 28%
- Excited – 21%
Entrepreneurs Positive Emotions when inheriting business – Hong Kong:
- Proud – 41%
- Full of Ideas – 40%
- Supported – 35%
- Important – 32%
- Motivated – 29%
- Excited – 29%
- Empowered – 15%
Entrepreneurs Positive Emotions when inheriting business – India:
- Motivated – 58%
- Proud – 56%
- Excited – 47%
- Supported – 44%
- Important – 41%
- Full of Ideas – 36%
- Empowered – 20%
Entrepreneurs Positive Emotions when inheriting business – Singapore:
- Proud – 40%
- Important – 38%
- Excited- 35%
- Motivated – 34%
- Full of Ideas – 32%
- Supported – 27%
- Empowered – 20%
Entrepreneurs Positive Emotions when inheriting business – Taiwan:
- Important – 50%
- Supported – 42%
- Empowered – 38%
- Proud – 36%
- Full of Ideas – 35%
- Excited – 34%
- Motivated – 33%
Entrepreneurs Positive Emotions when inheriting business – Rest of the World:
- Motivated – 45%
- Important – 40%
- Proud – 37%
- Supported – 37%
- Full of Ideas – 34%
- Excited – 33%
- Empowered – 32%
Entrepreneurs Negative Emotions when inheriting business – China:
- Obligated – 57%
- Stressed – 27%
- Lonely – 8%
- Unprepared – 6%
- Overwhelmed – 4%
- Vulnerable – 4%
Entrepreneurs Negative Emotions when inheriting business – Hong Kong:
- Stressed – 20%
- Obligated – 15%
- Unprepared – 15%
- Overwhelmed – 10%
- Vulnerable – 9%
- Lonely – 8%
Entrepreneurs Negative Emotions when inheriting business – India:
- Overwhelmed – 16%
- Obligated – 7%
- Vulnerable – 6%
- Lonely – 5%
- Unprepared – 5%
- Stressed – 4%
Entrepreneurs Negative Emotions when inheriting business – Singapore:
- Obligated – 18%
- Overwhelmed – 17%
- Lonely – 13%
- Vulnerable – 11%
- Unprepared – 7%
- Stressed – 6%
Entrepreneurs Negative Emotions when inheriting business – Taiwan:
- Obligated – 19%
- Stressed – 16%
- Unprepared – 13%
- Lonely – 12%
- Vulnerable – 10%
- Overwhelmed – 5%
Entrepreneurs Negative Emotions when inheriting business – Rest of the World:
- Obligated – 17%
- Overwhelmed – 11%
- Stressed – 9%
- Vulnerable – 8%
- Lonely – 5%
- Unprepared – 4%
3) Family Support
Difficult for business owner to ask for support from older generation:
- Hong Kong – 50%
- Singapore – 46%
- India – 41%
- Taiwan – 40%
- China – 34%
Received family support to explore opportunities outside of family:
- India – 83%
- China – 77%
- Singapore – 73%
- Hong Kong – 69%
- Taiwan – 65%
Received family support to explore opportunities outside of family – Global ex-Asia:
- United Kingdom – 83%
- UAE – 80%
- France – 78%
- United States – 78%
- Switzerland – 75%
4) Expectations
Important for next generation to do their own thing / do not expect them to takeover family business:
- Singapore – 48%
- Hong Kong – 47%
- India – 45%
- China – 35%
- Taiwan – 35%
Important for next generation to do their own thing / do not expect them to takeover family business – Global ex-Asia:
- France – 57%
- Switzerland – 57%
- United States – 41%
- UAE – 37%
- United Kingdom – 36%
HSBC Private Bank Family-Owned Businesses in Asia Report 2025
Research was conducted by Ipsos UK on behalf of HSBC Global Private Banking. A total of 1,882 business owners or ‘entrepreneurs’ who chose to take part in the survey (split 1,798 current business owners and 84 former business owners) were included in the quantitative research. The quantitative research consisted of a 20-minute online survey with participants from ten markets across the globe: France, Hong Kong, India, Mainland China, Singapore, Switzerland, Taiwan, the UAE, the UK and the US. The survey was available in English, Simplified Chinese, Traditional Chinese, Chinese (Hong Kong), Swiss French, Swiss German, Arabic, Gujarati, Hindi, Kannada, Marathi and Telugu. Quota sampling was applied. The fieldwork was conducted between 8th July and 3rd August 2024 , using online panels. Participation in the quantitative survey required respondents to be aged 18 or over, currently own or have previously owned a business, have claimed investable assets of $2M USD/£1.5M GBP or a total net worth of $20M USD, and a main residency (more than six months of the year) in one of the markets listed. Data has not been weighted, and any data shown as ‘All entrepreneurs’ or ‘all’ indicates a score that has been calculated on the full sample and is not weighted by country/ territory or market. The qualitative research consisted of 36 qualitative, in-depth one-hour online interviews across six different markets including the US, the UK, India, Singapore, Mainland China and Hong Kong. Participation in the qualitative interview required the respondent audience to be aged 18+, currently own or previously owned a business, have investable assets of $2M USD (£1.5M GBP in the UK). Participants chose to participate in this research. Data was collected online, and fieldwork took place between April-May 2024. 11 qualitative, in-depth interviews were also conducted online with experts from HSBC Global Private Banking across the target markets to complement the results and the insights generated by the project.
HSBC Global Private Banking
HSBC Global Private Banking provides investment and wealth management solutions for private investors, families, business owners, entrepreneurs and single and multi-family offices. Our global private bank is proud to serve clients with excellence across Asia, Europe, the Americas, the Middle East and North Africa and connect them to meaningful opportunities worldwide.
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