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UBS says its China fund distribution unit will cease business

  • UBS said other wealth management platforms in China were operating businesses as usual
Published Updated
Photo: Reuters
Photo: Reuters
By

HONG KONG/SHANGHAI: UBS said on Thursday its China fund distribution unit in the tech hunb of Shenzhen would cease fund sales business from the end of September.

In an emailed statement to Reuters, UBS said other wealth management platforms in China were operating businesses as usual, and it would integrate relevant resources in China.

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