To profit from the growing number of wealthy individuals in China and get past a scandal involving Luckin Coffee founder Lu Zengyao, Credit Suisse plans to double its headcount in the country. China currently has the highest number of millionaires after the US and opened its financial markets this year.
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Renminbi Hub in Switzerland has 13 partner banks
In 2016, the China Construction Bank (CBC) established the Renminbi Hub in Switzerland and since then, is developing cross-border business with the currency in...