Credit Suisse targets wealth tie-ups in China

Credit Suisse Private Banking is looking to enter China through partnerships with local wealth managers, insurers, banks or internet companies, with a digital strategy part of the plan. Francois Monnet, head of Greater China, told AsianInvestor that the firm had embarked on pilot programmes to this end but did not know how long it would take for them to bear fruit. He declined to provide more detail. “There’s an enormous business to serve below the very rich,” he noted, and Cred…