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UBS Sees China Share Sales Decreasing Further as Economy Slows

UBS gained access to underwriting, trading and advisory businesses in China in 2006 when it bought a 20 percent stake and management control of UBS Securities Co. Photographer: Gianluca Colla/Bloomberg
UBS gained access to underwriting, trading and advisory businesses in China in 2006 when it bought a 20 percent stake and management control of UBS Securities Co. Photographer: Gianluca Colla/Bloomberg

Sept. 13 (Bloomberg) -- Share sales slow as slowdown damps cos’ efforts to expand, said UBS China country head David Li. * “Activity will slow because some companies may need to

reduce the scale of their expansion given slower economic

growth,” Li said in an interview yesterday in Tianjin * UBS is constantly “filling up” its team in China, where

finding talent is still a challenge * NOTE: Share sales in China have dropped to 119.5b yuan

($19b) so far this year vs 251.9b yuan in the same period of

2011: Bloomberg data

For Related News and Information: Top Finance Stories: TOP FIN <GO>

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