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CMB Private Banking’s AUM nearing RMB1.5 trillion

China Merchants Bank (CMB) Private Banking has posted a 10% year-to-date increase in assets under management (AUM), according to the bank’s interim earnings report. Private banking AUM reached RMB1,423.7 billion (US$214.2 billion) as of the end of Q2. This marks an increase of around RMB24 billion (US$3.6 billion) since Q1, based on information provided to Asian Private Banker by general…

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