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Hong Kong single-handedly drives NNM growth and profits for HSBC PB

HSBC Private Banking grew its client assets in Asia by US$11 billion in the first half of 2017 to US$119 billion, the group said today, once again citing Hong Kong as a key driver of net new money (NNM) flows as well as profits. Iain Mackay, group finance director at HSBC, said in an interim results call that the group’s…

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