China’s private banks enjoy AUM bounce. But where is the fee growth?

By Stanley Yupu Li , senior reporter | 5 September 2024 | 5 minutes read

Chinese banks have seen a strong start to 2024 in terms of AUM growth. When it comes to fees, however, it is another story. The wealth management units of Chinese banks have been hit with the compounded misfortune of regulatory-driven fee caps and poor returns on wealth management products, leading to further fee cuts to retain clients in an intensely…

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