According to people familiar with the matter, Switzerland's Baosheng Group is advising some customers with low asset balances to either increase their investment amount in this wealth management agency or find other ways. Baosheng Bank has set different asset thresholds depending on where it operates, to ensure that every business relationship is worth the operating costs and compliance risks it bears. The bank has stopped receiving certain high-profile clients, or so-called “political public figures.”

According to people familiar with the matter, Switzerland's Baosheng Group is advising some customers with low asset balances to either increase their investment amount in this wealth management agency or find other ways. Baosheng Bank has set different asset thresholds depending on where it operates, to ensure that every business relationship is worth the operating costs and compliance risks it bears. The bank has stopped receiving certain high-profile clients, or so-called “political public figures.”