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China joint-stock banks record strongest gain in average AUM in 2020

Asian Private Banker’s latest China 2020 Private Banking AUM league tables show that mainland China’s top 20 private banks expanded their combined AUM to RMB 15.6 trillion (US$2.42trillion) in 2020, an increase of 22% YoY and the largest annual percentage jump since 2015. In terms of bank types, joint-stock banks posted the largest increase in average AUM, followed by city commercial…

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