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CMB’s private banking business grows AUM by 8% in first half

China Merchants Bank’s (CMB) private banking business grew assets under management (AUM) by 8.1% in the six months through June to RMB 1.79 trillion, the bank’s interim report shows. The largest private bank in China by AUM, as at the end of last year, grew its client base to 63,985 from 59,560 at the end of December 2016 – an…

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