PR - Culture Research

China Will Bank

The China Will Bank is a public welfare project co-sponsored by the China Aging Development Foundation and the Beijing Sunshine Elderly Health Foundation. Elderly people who are over 60 years old can handle will consultation, registration and custody for free after filling out the application form.

The first registration center of the China Will Bank was officially put into operation on March 21, 2013. As of the end of 2017, approximately 82,000 wills have been registered and kept in the China Will Bank.

On March 20, 2021, the China Will Bank will hold the "2020 China Will Bank White Paper" press conference in Beijing.

In 2020, when the COV-19 broke out, China Will Bank launched the "WeChat Wills" applet message function. In 2020, China Will Bank received nearly 70,000 "WeChat Wills".

Due to the impact of the COV-19, most citizens cannot go out to apply for a will, so many people chose to write a "WeChat Will" on the Internet to express their true thoughts and wishes. At its peak, the China Will Bank Mini Program received thousands of "WeChat Wills" in one day.

Among the people who left WeChat wills, most of them are young people. Their age is concentrated between 20-30 years old, accounting for 38.7%, followed by those under 20 years old, accounting for 27.4%. Few students are in school. After analysis, it is found that the WeChat wills left by young people are very rich in content: secret love confession, confession between girlfriends, prospects for the future, gratitude to parents, etc.

Most of the citizens left behind the WeChat wills are passed on to "lovers", accounting for 36.76%, followed by "children" and "parents", accounting for 24.43% and 21.24% respectively.

Number of testamentary custody of people born in 1980-1990

Number of testamentary custody of people born in 1990-2000

The "post-90s" crowd has added richer types of property to the will.

Different from testators of other age groups, the inclusion and arrangement of "virtual property" in the will of "post-90s" has become a prominent feature: virtual property such as Alipay, WeChat, QQ, and game accounts are "post-90s". "The common type of property in wills is followed by securities funds.