Bank of East Asia chases China’s new money

September 3, 2007

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Demand for wealth management services is soaring in China, the world’s fastest-growing major economy, and Bank of East Asia (China) is finding ways to tap that growth, vice president Lam Chi Man told the Reuters China Century Summit.

Bank of East Asia — Hong Kong’s fifth-largest lender by assets — is seeking approval to allow its clients in mainland China to invest directly in Hong Kong stocks, Lam said.

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