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CMBC opens new wealth management centre in HK, sees rising contribution from private banking activities

Private banking activities could account for up to 10% of China Minsheng Banking Corporation’s (CMBC) revenues in Hong Kong this year, the lender’s Hong Kong CEO, Du Yunfei, said at the launch of CMBC’s new ‘private bank and wealth management centre’ at Two IFC today. China’s largest privately-owned bank sees the launch as a “good start” to its three-year plan…

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