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UBS WM subsidiary in Shenzhen gets regulatory green light for fund distribution

The wholly-owned wealth management subsidiary of UBS AG in Shenzhen has received a funds distribution licence from the local regulators, the Swiss bank announced in a press release on Monday. The Shenzhen Bureau of the China Securities Regulatory Committee (CSRC) has granted the licence to UBS Qianhai Wealth Management Company Limited. The subsidiary, which is situated in Shenzhen’s Qianhai economic…

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