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AUMs at China’s biggest PBs still growing at double-digit clips

Assets under management (AUM) figures at China’s largest private banks are still growing at double-digit clips, according to the latest results published by mainland banks in the latest earnings season. However, the industry’s 2017 growth rates have visibly moderated compared to the headier boom days it saw in 2016, as Chinese regulators stepped up regulatory tightening on banks’ wealth management…

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