If 2016 is shaping up to be an annus horribilis for Asia’s private banks, for many the under-penetrated Chinese (U)HNW space provides a glimmer of hope – however faint – for an industry beset by anaemic revenue flows and mounting cost/income (C/I) ratios. The figures speak for themselves. China is now home to over 1 million HNWIs and millionaires are…
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