China Merchants Bank CMB

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LATEST ARTICLES

WEALTH

JPMorgan adds new string to China bow with 10% stake in CMB wealth business

Buying a 10% stake in China Merchants Bank’s wealth management arm for $415 million gives JPMorgan greater access to China’s vast private wealth market. It is a deal that benefits both parties, and underscores JPMorgan’s quiet but concerted success story in Asia’s largest economy.

Elliot Wilson, March 26, 2021

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