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Tech millionaires keep China's wealth machine humming

Global banks are monitoring new fintech business models emerging there

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In 2014, China's high net worth population grew by 17.5 per cent, to 890,000; the elite group's combined wealth came in at US$4.5 trillion, according to Capgemini and RBC Wealth Management. Swiss private bank Julius Baer sees HNWI wealth reaching US$8.2 trillion by 2020.

WANG Feng is the kind of successful technology entrepreneur whom private wealth bankers from Goldman Sachs to Credit Suisse would love to land as a client. He is chairman of Beijing-based Linekong Interactive Group, a Chinese mobile and online game developer valued at about US$194 million - in

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