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BNP Paribas makes headway in fiercely competitive onshore China with three-pronged strategy

Alexandre Werno at the JV launch event in 2023

Having now established itself onshore in China with a three-pronged business of asset management, wealth management and securities, BNP Paribas faces fierce competition from established local institutions and risk-off sentiment among investors. While many firms still deem onshore China more trouble than it is worth, the CEO of the French bank’s wealth management joint venture with Agricultural Bank of China,…

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