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ANZ sets foot in Hangzhou; aims sight at Mainland city’s increasing wealth

Clearly sensing an opportunity to tap Mainland China’s rapidly growing quantum of wealth, ANZ is braving new territory, establishing its first branch in Hangzhou, capital city of Zhejiang Province in Eastern China and home to at least 563 ultra high net worth individuals (those with investable assets of US$30 million or over) as of 2011. The branch will cover the…

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