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| EXECUTIVE SUMMARY |
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• New rules such as the EU’s Mifid II regulations are injecting greater transparency, enabling private banking customers to view risks, fees and costs attached to financial instruments • HNWs in China are becoming judicious as the country develops, growth slows and financial education rises, embracing long-term reward over short-term risk. Philanthropy is on the rise in China, with parents keen to get children involved in good causes • Clients all the way down the wealth pyramid demand sophisticated and increasingly personal advice and service from relationship managers. |
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