UBS, China Life asset management JV plan in limbo as talks stall

UBS, China Life asset management JV plan in limbo as talks stall

The urban landscape of Taipei, with the Taipei 101 skyscraper in the background.

A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set on the scope of the business, two sources said.