The Hong Kong United Nations Educational, Scientific and Cultural Organization Association recently held the 'Forum on the Future of Education', with a focus on family education and inheritance. Hang Lung Properties (00101.HK) Honorary Chairman Ronnie Chan attended and stated that sustainable business is impossible, and multi-generational wealth inheritance is very rare. If not handled properly, it will eventually lead to intergenerational conflicts among children. Therefore, he believes that the best method is to donate wealth for charitable purposes.
He emphasized that although there are many sustainable businesses in the world, large family enterprises are difficult to maintain. The main reason is that the talent reserve within the family is always limited. The reason why Hang Lung can sustain its operation is not only due to luck, but also because each family member possesses outstanding abilities and rational thinking skills.