Financial service providers have significant business opportunity in China as only half of wealth managers that target high net worth (HNW) investors in China offer inheritance planning services, according to data and analytics company GlobalData. 

China is home to a substantial entrepreneur community, 71 percent of whom are 51 years old or above which means a large number of Chinese business owners will need to find successors over the next few years, GlobalData said. Furthermore the country’s one child policy, which was only relaxed at the end of 2013, leaving patriarchs with a smaller pool of family members to choose ...