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Hong Kong PWM industry expects 5-10% annual growth in AUM, zeroes in on serving China wealth: PWMA

Private wealth management institutions in Hong Kong are still expecting annual AUM growth of 5-10% and are betting on achieving this by further penetrating mainland China, according to the fifth annual PWM report, released on Monday. The report, by the Private Wealth Management Association (PWMA) of Hong Kong and KPMG China, carry the results of an industry survey and a…

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