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UBS trader wins big with bets on Chinese junk debt

A focus on a corner of finance growing rapidly has proved lucrative for a Hong Kong-based trader

UBS trader wins big with bets on Chinese junk debt
Photo: Getty Images

A UBS trader is winning big in the booming market for junk bonds issued by Chinese companies.

Hong Kong-based Kelvin Zhao has made the Swiss bank nearly $30m this year, people familiar with the matter said.

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