Background Description Ka-shing Li was born in Chaozhou, China in the year 1928. When his father passed away, the accountability of taking care of the livelihood of the family was left to him. After dropping out of school at 15 years of age, he secured employment in a plastics company where he would work for 16 hours each day (Chan 2008, p. 46). Li established Cheung Kong Industries in 1950 being one of the owners. Li married his cousin, Chong Yuet Ming, who played a key role in his thriving career and patriotic fortitude. The couple got two children Richard Li and Victor Li. Personally with the advice of their mother, Victor and Richard went abroad for further studies. Family assets Today, Li is the richest individual of Asian lineage internationally, and the ninth richest individual worldwide with approximated possessions of $25 billion in the year 2012. Currently, Li is the chairperson of Cheung Kong Holdings (CKH) as well as Hutchison Whampoa Limited (HWL). Through the family businesses, he is the leading trader of container workstations and the leading medical and beauty trader in the world. Cheung Kong Holdings grew by obtaining Hutchison Whampoa in the year 1979. In Hong Kong alone, Li and his family have nine companies. Cheung Kong Holdings Company has considerable concerns in life sciences, in addition to other businesses, ( Cheung Kong (Holdings) Limited 2012). The establishment is among the leading developers in Hong Kong and boasts of a long record of property development. CKH has developed approximately one out of every twelve private mansions in Hong Kong. Furthermore, the company is progressively prevailing in the development of private homes, which is attributed to the strategy of the government of auctioning property in affluently large blocks, excluding small and medium-sized companies (Munro-Smith 2008, p. 42). The Board of Directors (BOD) comprises Simon Murray, Wong Yuchin, son of Li (Victor Li), Canning Fok, and the chairperson is Li senior. The Chairman of CKH is Li Ka-shing. The Deputy Chairman and Managing Director (MD) is Victor Li (the Chairman’s son). While Victor Li carries out businesses directly with his father, Richard Li heads the leading telecom corporation in Hong Kong. Owing its successes to Li’s Family, CKH is the biggest developer of business, housing, industrial, office, and hotel facilities in Hong Kong (Munro-Smith 2008). Cheung Kong Group carries out business functions in 52 nations and has approximately 270,000 employees. Preservation of Assets In order to preserve family assets, CKH will have to adopt some strategies. One of the strategies entails liability insurance whereby the family obtains coverage with some companies that have adequate skills in managing family wealth. CHK has managed to insure some of its products with the best insurance companies. Ming An (Holdings) is the insurer of CHK. In the city, a number of companies specialize in offering quality management services to family assets. The role of the family is simply to determine the best insurance firms that can offer best management services. An additional strategy is seeking the services of retirement planners because they are the best-known strategists