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AUM growth slows for China’s biggest private banks

Assets under management (AUM) at China’s largest private banks continue to grow at a double-digit rate, carried by Chinese HNW clients’ robust asset generation. However, the industry’s growth in 2017 was visibly moderated compared to previous years, as Chinese regulators stepped up regulatory tightening on banks’ wealth management activities in the second half of last year, including a ban on…

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