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Succession Plans in Asian Family Enterprises

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In a Bloomberg interview, LGA’s Jeremy Cheng discussed the Liu family’s carefully orchestrated succession plan for their $12 billion casino empire. Cheng, who also teaches at the Chinese University of Hong Kong, highlighted the family’s proactive approach to leadership transition, a stark contrast to many other wealthy families in Hong Kong and Mainland China. 

He pointed to the Liu family’s long-term planning, begun in 2012 by patriarch Lui Che Woo, as a key factor in their smooth transition. The interview also touched on the challenges faced by other prominent families in the region, including unexpected leadership changes like Adrian Cheng’s resignation as CEO of New World Development. 

Cheng emphasized the critical importance of early succession planning, particularly as second-generation heirs age and the next generation prepares to take the reins. 

The full Bloomberg article is available here (subscription required).

Every LGA article represents the authentic insights, strategies, and first-hand experience of our global advisory team. Client scenarios are drawn from actual advisory engagements and anonymized to protect confidentiality. Furthermore, each article undergoes rigorous internal peer review to capture our collective wisdom and deliver actionable strategies for enterprising families committed to multigenerational success.

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Jeremy Cheng

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