TEACHING CASE: Succession in Chinese Family Businesses (B): Huamao and Xu Family

The CEIBS Centre for Family Heritage was set up as a knowledge centre committed to helping China’s family businesses sustain and go global as well as enabling foreign enterprises to better understand China’s family firms.

The Centre’s Co-Director Professor Jean Lee and Case Consultant Rebecca Chung are currently developing a collection of cases focusing on succession and business transformation issues at Chinese family companies.


Teaching Case (B)


Can a Family Agreement signed by everyone involved nurture harmony within this family and stimulate prosperity of their business? Xu Wanmao believes that succession does not mean only inheriting wealth; on the contrary, he believes wealth may be harmful. He does not want to be a ‘lousy ancestor’.

This is the second case in a three-case series.



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