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BOC PB eyes AI-allocated portfolios as fund alternative

Bank of China, BoC

Bank of China (BOC) Private Banking, China’s third largest, is working on developing its capability for artificial intelligence-allocated investment portfolios, as a potential alternative to mutual fund offerings. The Chinese bank’s management disclosed it is working on building such solutions, which it could sell to HNW investors in bulk through one-click processes online as its next key offering. The bank’s…

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