Bloomberg

UBS China to open Shanghai branch this year amid market turmoil

UBS China to open Shanghai branch this year amid market turmoil

  • July 15, 2015
  • min read

Bloomberg

UBS China to open Shanghai branch this year amid market turmoil

Private banks are piling into Asia, where China is the big prize with the world's second-largest pool of private wealth, after the United States. China's population of people with more than $1.6 million in cash or other investable assets swelled to more than one million in 2014, doubling from 2010, Bain & Company said in a report.