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Rise of China's Nouveau Riche

On 1 October 2014, Prof Francesco A Schurr, Chair of Company, Foundation and Trust Law, had the pleasure of welcoming Mr Leon Mao, Executive Director and Head of Trusts at First Advisory in Hong Kong, to the University of Liechtenstein.

On 1 October 2014, Prof Francesco A Schurr, Chair of Company, Foundation and Trust Law, had the pleasure of welcoming Mr Leon Mao, Executive Director and Head of Trusts at First Advisory in Hong Kong, to the University of Liechtenstein.
 
Following a short informative introduction to the current environment and developments around the world by Mr Artur Sieradzki, Business Development Director, First Advisory in Vaduz, Mr Mao shared his wealth of experienced knowledge as a trust expert with the audience in his presentation on the "Rise of China's Nouveau Riche". Mr Mao provided the audience with insights into the rapid creation of wealth and the shift from a communist country to one with a considerable, affluent middle class, making China an attractive market for fiduciary services.

 
 Artur Sieradzki, Leon Mao
 
 It was extremely valuable to the audience to hear Mr Mao speaking about various aspects relevant to many Chinese clients, including the legal and political environment and cultural norms.
 

 
Francesco A Schurr, Leon Mao, Artur Sieradzki, Dirk Zetzsche

The audience was given the opportunity to ask questions throughout, resulting in lively discussions.