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China Enters a “Golden Period” for Private Banks

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China already has more billionaires than the U.S. does, according to Chinese research firm Hurun. China’s total value of private investible asset grew by 14% in 2012 to $12 trillion, according to Boston Consulting.   Yet the land of emerging rich is largely off limit to Western private banks, which…

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Click here to read the full story: The Wall Street Journal

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