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APB Insights: China’s wealth managers endure painful transition after tough 2023

Beijing, China

Chinese wealth managers are accelerating their transition from product sellers to more sophisticated firms offering broader wealth solutions after a tough year that was characterised by numerous defaults and the demise of some once-mighty players. Released earlier this week, Asian Private Banker’s 2023 China Wealth Report reflected how the gloomy Chinese economy reshaped the wealth management landscape in China. It…

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