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UBS seals China wealth management JV deal with Qianhai Financial

UBS has struck up a strategic deal with Qianhai Financial, the state-owned financial holding company controlled by the Shenzhen special economic zone’s operating authority, to set up an onshore China wealth management joint-venture (JV). The existence of the JV agreement was disclosed on Thursday by Qianhai officials at the double opening ceremony of HSBC Qianhai Securities and East Asia Qianhai Securities…

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