Mainland China’s private banking sector has scaled an unprecedented new peak, with aggregate assets under management (AUM) for the top 20 players climbing 13% year-on-year to reach RMB 29.7 trillion (US$4.4 trillion) in 2025. According to Asian Private Banker’s latest China League Tables, this asset surge coincides with a historic expansion of the country’s high net worth (HNW) demographic, which…

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