Report: Zong Qinghou did not set up trusts for his three children at HSBC in Hong Kong.

A year and a half after the death of the founder of the Wahaha Group, Zong Qinghou, a fight over inheritance has begun in Hong Kong. Three individuals claiming to be "half-siblings" of Zong Fuli, the daughter of Zong Qinghou and current head of Wahaha, have taken her to court. According to Bloomberg, the plaintiffs' lawyers stated that in addition to the lawsuit in the High Court of Hong Kong, these three individuals have also filed a lawsuit in a court in Hangzhou to ensure that they receive their share of the $2.1 billion trust fund promised to them by their late father, Zong Qinghou, which is said to be held at HSBC Bank in Hong Kong. Court documents show that since May 2024, around $1.1 million has been transferred out of the HSBC account, leaving a balance of approximately $1.8 billion. The three plaintiffs are seeking for Zong Fuli to fulfill the will, pay interest, and compensate for any losses incurred from the funds being transferred out. On July 17th, it was revealed by a source close to HSBC in Hong Kong that Zong Qinghou, the founder of Hangzhou Wahaha Group Co., had not established the trust plan at HSBC Bank in Hong Kong. A person with years of experience providing trust services to the wealthy in Hong Kong stated that typically, if the trust had been established, the entity under HSBC should have been listed as a defendant in the lawsuit filed in the High Court.