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China’s ‘big four’ banks report strong private banking growth in first half

China’s ‘big four’ banks said in their interim reports today that their private banking businesses achieved strong growth in both assets under management (AUM) and client numbers in the first half. Industrial and Commercial Bank of China (ICBC) reported that its private banking client base grew by 10% in the first six months of the year to 77,200, while AUM swelled…

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