China's Haitong International cuts UBS business ties over pig comment

BEIJING/SHANGHAI - Haitong International Securities has cut ties with UBS after a comment about Chinese pigs by a top economist at the Swiss bank was perceived by some as a racist slur.

“There is not a clear timetable on when to resume the collaboration, which is subject to the management’s decision,” Haitong International said in an email sent to Reuters. African swine fever, a disease deadly to pigs, is ravaging herds across Asia. China has reported more than 120 outbreaks since it was first detected in the country in August.

In December last year, UBS became the first foreign bank in China to get official approval to acquire a controlling stake in its local securities joint venture.

Fuck China. They own %50 of Sudans oil projects, and not saying shut about Sudan just to keep their Billions... Russia, same for UAE , and others, are complicit in this in order to guarantee money bags

Chinese snowflakes.

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Haitong International Securities cuts business ties with UBS after 'Chinese pig' commentHaitong International Securities cuts business ties with UBS, following a comment about Chinese pigs made by the Swiss bank’s global chief economist Seems like a paranoid overreaction to me🙄 Good chinese bankers go to work for ubs or gs, morons work for haitong, citic or bocom really trying hard to be offended, and in any case Haitong is a competitor of UBS so maybe former just pot stirring
Source: Reuters - 🏆 2. / 97 Read more »