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Chinese firms join 25 biggest private banks

Joe Marsh
China Merchants Bank and ICBC have leapt into the ranks of the 25 biggest private banks by global AUM for the first time, fast outgrowing their international peers, finds new research.
Chinese firms join 25 biggest private banks

Two Chinese financial groups have burst into the ranks of the 25 biggest private banks by assets under management, reflecting the rapid growth of mainland wealth and acting as a likely precursor of future trends.

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