UBS launches family trust solutions as wealth rises By ZHOU LANXU | China Daily | Updated: 2021-07-22 09:07 Share CLOSE A sign of UBS (China) Limited Shanghai Branch is seen in Shanghai, on May 25, 2021. [Provided to China Daily]
UBS (China) Ltd launched onshore family trust solutions for affluent Chinese clients on Wednesday, becoming the first foreign bank in China to provide such services. We are glad to become the first foreign bank to launch onshore family trust services in China, providing local clients with solutions based on our wealth management principles of liquidity, longevity and legacy, said Zhang Qiong, president and head of wealth management at UBS (China) Ltd.