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UBS’ Amy Lo: “We are not competing with local Chinese banks and we don’t intend to”

Such is the lure of China’s burgeoning private wealth space that all but a few of Asia’s private banks are actively exploring how best to tackle a market that, while severely under penetrated, is dominated by local incumbents who derive benefit from their scale and coverage, as well as their nuanced understanding of regulations. A few key facts and figures…

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