The meeting, set for next Friday, will focus on the current conditions of US dollar-denominated investment firms in China and the main challenges they face, sources say
Beijing has created a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups
The planned exit contrasts with recent expansions in China by its US rivals BlackRock and Fidelity
Chinese are concerned over the uncertain economic outlook with Covid surging and Xi Jinping's "common prosperity" drive to cut income inequality, asset managers say
The new activity will expand a UBS presence in China that already includes a mutual fund joint venture and a private fund business
Chinese fund managers are ranked by performance on an annual, quarterly, and monthly basis, fostering a culture that some analysts say contribute to wild swings in stocks
The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook
The group has already invested in tech - it owns antivirus pioneer McAfee and software firm Landesk - but it remained unclear when it might make an offer
Newly-registered private funds totalled 95.9 billion yuan ($15.16 billion) in January, down 44% month-on-month, according to AMAC
Despite the slowdown, existing foreign groups applied to launch a new high of 74 funds last year, a 220% jump from 2020