UOB focuses on affluent people

Source: China.org.cn
© Scanpix/AP

United Overseas Bank of China decided to target Chinese with high income level. The bank tries to attract clients with more than 1 million yuan in assets. According to statistics the wealth of affluent citizens of China will increase from $2.6 trillion to $8.8 trillion by 2015. More wealthy customers are more demanding in asset management so the bank has to meet their expectations, said Tan Kian Huat, president and CEO of UOB China.

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