UBS banks on China’s Nasdaq-style exchange to offset HK ban

UBS banks on China’s Nasdaq-style exchange to offset HK ban

Pedestrians walk past the entrance to UBS Group AG's headquarters in Zurich, Switzerland. Photographer: Philipp Schmidli/Bloomberg

UBS Group AG, which runs the biggest foreign-controlled investment bank in China, is counting on the nation’s new Nasdaq-style exchange to mitigate the impact of an underwriting ban in Hong Kong, according to people familiar with the matter.

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