See attached. New wealth families are reshaping China’s private banking industry. Given many of them come from the tech sector, and at a young age, they have strong demand for tech enabled solutions. In Australia just 7 years ago, there was only 20m VC funding in total for all young tech startups. Today, it is in the Billions, at times for a single tech company.
Ann: Suspension from Official Quotation, page-105
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