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Asian HNWIs largely untouched by Chinese market plunge, say wealth managers

While the Chinese market made an unpleasant start to the year with a 7% tumble in the Shanghai Composite, private banks were largely insulated as appetite has not yet recovered from last year’s second half malaise, say private bankers. China kicked off the year with a less-than-ideal reading from the Caixin Purchasing Managers’ Index (PMI) which sent markets in the region…

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