Semiconductor industry entrepreneurs attend Swiss wealth management workshop
Entrepreneurs from the domestic semiconductor industry are attending a workshop in the Shanghai free trade zone on proven practices from Switzerland in wealth management and wealth inheritance.
“In the semiconductor industry, a group of well-educated young entrepreneurs have emerged,” said Jessica Zhong, chief executive officer of the IfFP Swiss Wealth Management Professional Training Center — the first foreign-funded financial training institute on the Chinese mainland. "They rely on their talent and efforts to become the best in the business.
“Even so, being able to create wealth is not equal to being able to manage wealth, nor is it equal to passing on wealth. The lack of knowledge about wealth management has become a major problem for them.
“The systematic and professional knowledge from Switzerland will help entrepreneurs to better improve their awareness of risk aversion, make the necessary separation between corporate assets and personal assets, enrich and improve everyone’s knowledge and ability of investment and financial management, and learn how to manage wealth."
The first level course is a 10 day classroom study and extracurricular communication. The theme content focuses on: tax, law, financial planning, investment, insurance and other topics concerning entrepreneurs.
The IfFP Swiss Wealth Management Professional Training Center held its first semester last March in the Shanghai free trade zone. Its parent, Zurich-based Institute for Financial Planning (IfFP), was established in 1995 and since then has played a leading role in the field.
Dr Felix Horlacher, CEO of IfFP, expressed his confidence over Shanghai’s further opening-up in the financial sector, particularly after the Shanghai free trade zone administrative committee introduced rounds of incentives in the financial sector.
Dr Horlacher emphasized that the training center has combined proven useful experience from Switzerland with local practices to make the course down to earth and easy to understand for students.