Private banks warm to Hong Kong as a booking centre

Sep 19, 2010

As renminbi liberalisation continues, Clariden Leu is considering applying for a banking licence in Hong Kong, alongside Julius Baer and other wealth management firms.

Private banks warm to Hong Kong as a booking centre

China’s continued easing of the rules governing renminbi trading and settlement is luring private banks to make Hong Kong a booking centre for client assets.

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