China Business News: BoCom eyes 60% rise in assets under management

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BoCom eyes 60% rise in assets under management

Sep. 1, 2009 (China Knowledge) - Bank of Communications<601328><3328>, partly owned by HSBC Holdings Plc<0005><HBC>, expects its assets under management to rise 60% in its retail banking division by the end of 2012, sources reported. BoCom plans to increase assets in deposits, insurance and funds under management from the current RMB 1 trillion to RMB 1.6 trillion in three

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