UBS says China fund distribution unit in Shenzhen will cease sales by end-September
UBS said its China fund distribution unit in the tech hub of Shenzhen will cease fund sales business from the end of September. The firm said other wealth management platforms in China were operating as usual and it would integrate the unit.
In an emailed statement to Reuters, UBS said other wealth management platforms in China were operating businesses as usual, and it would integrate rele…