China CITIC Bank’s private banking business grew assets under management (AUM) by 14.9% to RMB 369.2 billion in the six months through June, the Beijing-based lender’s interim report shows. On a year-on-year basis, AUM was up by 21.8%, meaning that private banking now accounts for more than a quarter (25.7%) of the group’s overall AUM. Amongst China’s private banks, CITIC…
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