BanksonthemoveEstablishingFinTechenabledPrivateBanksandWealthManagersinChina1BanksonthemoveManagementsummaryManagementsummaryInlinewithChina'seconomicprogressoverthepastdecades,bothpublicandprivatesectorshaveaccumulatedanincreasingamountofwealth–tosuchanextentthatwebelieveithasbecomethesecondlargestwealthmanagementmarketinAsiaPacific1.Notsurprising,Chinaisalsosaidtohavethefastestrateofwealthcreationintheworld,coiningfournewbillionairesperweek2.ThisresultsinasignificantincreaseinaccessiblebankingassetsinMainlandChina.WithforeigncapitalasafocusareaofChina’scurrenteconomicdevelopmentplan,regulatorshavetakenadditionalstepstowardsalessrestrictedfinancialsect...
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