UBS set to apply for mutual fund licence in China

UBS set to apply for mutual fund licence in China

FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann

Switzerland’s biggest bank UBS Group AG is looking to apply for a mutual fund licence in China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.