Family businesses are experiencing a period of unprecedented complexity marked by economic, geopolitical and generational change. Companies are being evaluated by their emphasis on sustainability and being “in it for the long run” on top of enhancing their bottom line, and family run firms are no exception.
The PwC Global Family Business Survey has surveyed 2,953 senior executives across 53 territories. Of which, key decision makers of 108 family businesses in mainland China and Hong Kong have also been interviewed for the China report. The China report uncovers how family businesses on the mainland and in Hong Kong are navigating and thriving in this unpredictable environment.
1. Family businesses have seen higher sales growth over the past 12 months compared to the global average and are active strategic planners
2. Family businesses are more bullish than global counterparts in terms of growth aspirations over a two year time horizon
3. Family businesses have embraced digitalisation to a greater degree than their global peers
To discover more about how family businesses are navigating key challenges, how values and purpose are impacting their business, and other trends on business continuity, please click the link below.
China Central Markets Leader, Shanghai Office Leader Partner, Entrepreneurial and Private Business Co-Leader, PwC China
Tel: + (21) 2323 3029