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Prospect of US$27T in China onshore wealth tantalises international PBs

Keen on making inroads into a market dominated by local players, some of the world’s largest private banks have been bulking up their presence in the potentially lucrative China onshore market in a bid to tap the country’s vast pool of wealth. By the end of 2021, the size of investable assets held by HNWIs in China reached RMB 96…

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