ABSTRACT
Sibling conflict over power and control, the carving up of family estates, or the design for inheritance and succession of wealthy families in Hong Kong is always a talking point in the community (Oriental Daily 28 January 1996; Law and Chan 2000; Wong and Wang 1999; South China Morning Post 5 April 2007; Sing Tao Daily 19 February 2008). As Victor K.K. Fung (1997: 224), a thirdgeneration leader of the Li & Fung Group, points out:
A lot of family enterprises and partnerships were started after the war, and they are now getting to the stage where the entrepreneurial patriarch has either passed on or needs to transfer control to the next levels of family control.
