UBS Group AG’s Asia Pacific President Iqbal Khan said artificial intelligence will free up capacity and improve productivity but also have an impact on jobs.
Iqbal Khan, president of Asia Pacific and co-head of global wealth management at UBS Group AG, during a Bloomberg Television interview on the sidelines of the UBS Asian Investment Conference in Hong Kong, China, on Wednesday, 28, 2025. Wealthy customers of UBS are looking to buy more alternative assets as they seek to diversify investments during a volatile period for markets and global trade, according to Khan. Photographer: Lam Yik/Bloomberg
Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, part of a broader push to stem capital flight after Beijing launched an unprecedented crackdown on illegal cross-border trading.
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