By Joe Leahy -
UBS has sufficient demand from clients to warrant further increases in the amount it is investing in China's domestic stock and bond markets, Leon Brittan, vice-chairman of UBS Investment Bank, said yesterday. Such additional investment by the Swiss-based bank was mainly being held back by regulatory issues. "There is no shortage of demand [from clients]," Lord Brittan said.
UBS became the first bank to be approved under China's system for allowing offshore investors to buy into its domestic stock and bond markets, known as the Qualified Foreign Institutional Investor scheme, in 2003.
Source: Financial Times
Leave a comment