In this photo illustration a man counts 100 RMB notes with the Chinese flag in the background. In recent years, China has clamped down on shadow banking, concerned about the hidden risks in the high volume of complex and potentially risky loans in the sector. As a weakening economy puts pressure on businesses and individuals, authorities fear shadow lending and illegal loans might surge.
Billionaire nepo babies are in line to inherit huge fortunes in China.
  • The offspring of China's wealthiest tycoons are in line to inherit fortunes worth tens of billions. 
  • As China's economy falters, some of their parents are handing over control earlier than expected.
  • China has the world's second-highest tally of millionaires. 

"Succession" may have come to an end, but in China a real-life version is just getting started.