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Chinese digital WM market still has a long way to go: BCG and Lufax

China’s digital wealth management market still has huge room to develop despite the relatively high penetration of online distribution of wealth management products, according to a report co-released by BCG and Lufax. The current wealth management market in China has reached US$6 trillion, the report reveals. Yet, the penetration rate of independent Internet third-party wealth management, which better reflects the…

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