Swiss bank UBS faces uphill battle to regain ground after HK IPO ban lifted

Swiss bank UBS faces uphill battle to regain ground after HK IPO ban lifted

Photo: Reuters

UBS Group AG (UBSG.S) is likely to have a hard time regaining ground lost in the 10 months it was banned from the big-money business of sponsoring IPOs in Hong Kong, where Chinese rivals have become formidable players, bankers and analysts said.

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