The Swiss bank will instead rely on existing joint ventures to expand in China s mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.
(Bloomberg) UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion f
State electricity firm PT PLN established new and renewable energy development cooperation with nine Chinese companies during the Indonesia-China Business .
President Jokowi witnesses PLN s cooperation agreements with 9 companies at ICBF 2023 thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.