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BoCom’s private banking business to strengthen global asset allocation capabilities

Bank of Communications (BoCom) intends to leverage its growing international network to “strengthen its ability to provide private banking customers with global asset allocations”, the bank said in its interim report published today. Just last month, BoCom announced that it will invest HK$ 7.9 billion to set up a wholly-owned subsidiary, “Bank of Communications (Hong Kong)”, in Hong Kong, which…

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