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Jupai’s profit jumped 97.3% in 2017

Jupai, one of China’s largest independent wealth managers, said its annual net profit in 2017 was up 97.3% to RMB409.5 million compared to 2016, with the company playing up its competitive advantage in real estate products as Chinese investors turned conservative. In its 2017 financial earnings released on Monday, Jupai said its AUM at the end of 2017 jumped 59%…

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