Julius Baer-Jupai deal: a sign of things to come?
Chinese banks may dominate domestic retail fund distribution, but local independents such as Jupai and Noah are making inroads with wealthier clients, and expanding internationally.
Swiss private bank Julius Baer’s December move to purchase a 5% share in Chinese wealth manager Jupai Holdings may reflect the growing international ambitions of mainland firms, but it is seen as unlikely to herald a wave of similar M&A activity in China.
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