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China’s IWMs eager to rejig models from “selling” to “serving” in the next decade

China’s independent wealth management (IWM) arena — where regulations were once thin (if not nonexistent) and default risks high — has seen a major overhaul of late, with many aspiring to redefine wealth management in the onshore market. Regulators have clamped down on China’s trillion-dollar shadow-banking space — in which the independent wealth managers are crucial players connecting cash-thirsty companies…

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