It is widely acknowledged that China is becoming more international, as seen with its currency, banks and resources companies. But when it comes to private banking advice, the preference is still overwhelmingly local.
Only one international bank makes an appearance in the China section of Euromoney’s private banking survey – and that is HSBC, which, despite more than a century of history in China, manages just fifth place in overall private banking services – one place lower than last year.
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