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Regulatory push drives Chinese HNWIs away from private markets: Noah

Independent wealth manager Noah said it expects to see clients’ portfolio further diversify into traditional assets and move away from alternatives, as a result of a transformation that has rocked China’s wealth management industry. “In China, we are seeing the underlying trend of investors switching from non-standard private assets/deals to standard, transparent, public listed-assets/deals,” William Ma, chief investment officer, Noah…

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