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UBS expands China onshore footprint with new ground-floor branch

In a bid to capture a further share of China’s 477,000 high net worth individuals whose wealth is predominantly held onshore, UBS has expanded its presence in China’s domestic market with the launch of a new Beijing branch and its first ever ground-floor presence in Asia. The locally-incorporated, wholly foreign-owned bank opened its sub-branch at Beijing Huamao, a commercial building located…

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