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HSBC GPB launches family trust service for onshore China U/HNWIs

HSBC Global Private Banking (HSBC GPB) is launching a family trust advisory service for its onshore Chinese U/HNW clients, according to an announcement on Friday. The bank will provide family trust advisory services, partnering with third-party service providers in legal, tax, philanthropy and overseas education. “The asset allocation structure of Chinese residents is increasingly financialised, diversified, and globalised,” explained Trista…

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