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China private banks won't kill the offshore wealth business just yet

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China Merchants Bank has declared its ambition to be Asia's largest private bank, with the bank in April expanding its offshore wealth-management presence in Singapore.

CHINA Merchants Bank has declared its ambition to be Asia's largest private bank, with the bank in April expanding its offshore wealth-management presence in Singapore.

But behind that battle cry are growing pains that Chinese private banks entering offshore markets would have to go

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