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China private wealth market to reach RMB 200T by year-end: Bain & CMB

China onshore’s private wealth market is expected to reach new heights by the end of 2019 amid shifting investment appetite and demographics, a report from Bain & Company and China Merchants Bank (CMB) has revealed. While growth has recently slowed — CAGR for 2014-16 and 2016-18 dipped from 21% to 7% respectively — Bain and CMB anticipate that investable assets…

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