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CreditEase banks on FOF growth ahead of possible 2020 IPO

CreditEase, one of China’s largest independent wealth managers with roots in peer-to-peer lending, is banking on growth in its RMB 30 billion fund of funds (FOF) business to drive wealth management revenues, amid plans to list its group business in 2020. Tang Ning, founder and chief executive of CreditEase, told Asian Private Banker the IPO plan is at an early…

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