During its investor meeting, CM BANK (03968.HK) announced that its wealth management AUM grew 7.9% to CNY2.64 trillion YTD compared to that at the end of March, with net-value-based products accounting for approximately CNY1.93 trillion, reported Nomura.
The company's management projected promising prospect for wealth management products in the Chinese market as they look forward to its upcoming cooperation with JP Morgan. Nomura ramps up CM BANK's target price from $71.91 to $82.6 with a Buy rating.
The company's management projected promising prospect for wealth management products in the Chinese market as they look forward to its upcoming cooperation with JP Morgan. Nomura ramps up CM BANK's target price from $71.91 to $82.6 with a Buy rating.