UBS UBS Group AG

--Talks between UBS Group AG and China Life Insurance Group to create an asset-management joint venture in China have stalled, Reuters reports, citing unnamed sources.

--The talks cooled as the Chinese insurer's former chairman faces an investigation by the country's anti-graft watchdog, and also because the scope of the planned venture was overestimated, Reuters reports.

--International financial firms are looking to tap China's asset-management market after the government relaxed some rules on foreign participation.

Full story: https://reut.rs/3tAAxCj

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

March 24, 2022 08:01 ET (12:01 GMT)

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