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Hywin exits US$1.2bn wealth management business

Hywin Holdings headquarters, Shanghai, China.

Shanghai-based Hywin Holdings (Hywin) is to exit from the wealth and asset management business, switch its focus to the technology sector and change its name as part of a new strategic business transformation plan, the firm said in a recent announcement. Hywin will completely exit its wealth management and asset management businesses by terminating all contractual arrangements with Hywin Wealth…

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