UBS

Chinese fintech Ant Group has offered UBS a reported $250 million for Credit Suisse’s China joint venture, outbidding Citadel Securities. It is a timely reminder that despite its current malaise, Asia’s largest economy is still a great long-term place to invest.

Competitors have been quick to delight in the travails of UBS’s Asian investment bank, notably its decline in the league tables and a revolving door at senior management level. A ban imposed by Hong Kong’s regulator is the latest stick with which to beat the Swiss bank. But UBS’s regional leadership remains bullish – not least thanks to the power of its private bank.

Hong Kong-headquartered CLSA voted the best in Asia for equity research and sales in the largest-ever Asiamoney equities poll.