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Wealth firms in Hong Kong see AUM rise to over US$800bn as Chinese clients buoy growth

Hong Kong’s Private Wealth Management Association (PWMA) says assets under management (AUM) in the domestic private wealth market have risen to above US$800 billion, with a unanimous consensus amongst member firms that Chinese clients are fuelling growth. “The AUM managed has increased to well over US$800 billion this year in our member banks,” Amy Lo, chairperson of the PWMA, said…

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