This private bank won't ask you to bring clients

Hong Kong

As the largest wealth manager for China's millionaires races to hire bankers, there's one question it won't ask prospective employees: can you bring any clients?

That consideration - a standard one for private banks in most markets - is irrelevant in China, where the ranks of the wealthy are growing so fast that the banks trying to serve them are struggling to keep up, according to China Merchants Bank Co (CMB).