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CMBC’s insurance savings plan accounts for a fifth of private banking AUM in HK

A significant portion of the client assets managed by China Minsheng Banking Corporation’s (CMBC) private banking unit in Hong Kong is invested in the Beijing-based lender’s recently launched insurance savings plan, the bank said in its interim financial report released today. Sales of the lender’s five-year insurance savings plan, “Minsheng Prosperous”, reached HK$2 billion in the six months through June….

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