Swiss bank UBS in talks with China Life for asset management JV

Swiss bank UBS in talks with China Life for asset management JV

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS Group AG is in talks with China Life Insurance Group to launch an asset management joint venture in China, two sources said, as part of the Swiss bank’s plan to bolster its presence in the world’s second-largest economy.