UBS, HSBC bullish on Asia as slowdown looms in developed markets

By Stanley Yupu Li , senior reporter | 13 December 2023 | 5 minutes read

Private banks including UBS GWM, HSBC GPB and Deutsche Bank Private Bank are bullish on Asia in 2024 amid an expected slowdown in growth in developed markets. For UBS, bullishness on Asia is in part premised on the belief that China will enter a ‘new normal’ of lower but potentially higher quality growth while emerging Asia countries will continue to…

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