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Larger individual investment quota needed to spark PB interest in WMC: APB survey

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Substantially increasing the individual investment quota of the cross-boundary Wealth Management Connect (WMC) scheme will be key to developing interest in the platform among private banks, according to a survey by Asian Private Banker. However, industry executives are downbeat about the prospect of this happening soon. The survey, which was completed by attendees of Asian Private Banker’s GBA Connect 2022…

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