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UBS AM continues rollout of China strategy

Toby Yiu
The Swiss fund house has made further progress in building its onshore China business, but has no plans in respect of the Hong Kong-China mutual recognition of funds scheme.
UBS AM continues rollout of China strategy

UBS Asset Management has continued the buildout of its China business, with its two Chinese wholly foreign-owned entities (WFOEs) targeting onshore advisory business and its mainland joint venture UBS SDIC securing a Shenzhen QDIE licence. But the Swiss firm does not currently plan to participate in the Hong Kong-China mutual recognition of funds (MRF) scheme.

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