Ultimately, rather than waiting for turbulent times to shock them into action regarding the question of succession, CEOs of Chinese family firms should view comprehensive succession planning as an unavoidable necessity, one that presents both tangible long-term benefits for both their families and companies, and equally appreciable risks if postponed or ignored.

Such trendy attributes, however, also mean that some participants may not maintain their zeal for certain sports over an appreciable period, as the social motivations can actually be easily replaced by other trendy sport undertakings, experts said.