The number of Chinese with financial assets worth more than US$16 million is expected to top 134,000 by 2021, up 33 per cent on 2016, a new McKinsey report says. Photo: Reuters

Chinese banks up the ante to lure millionaire clients from overseas private investment houses

More than 60 per cent of mainlanders with personable investible assets worth in excess of US$1 million now hold those offshore, and 10 per cent of that by value are handled by foreign banks

Topic |   Wealth management

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The number of Chinese with financial assets worth more than US$16 million is expected to top 134,000 by 2021, up 33 per cent on 2016, a new McKinsey report says. Photo: Reuters
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