UBS chief economist suspected of using insulting Chinese language in the report is about to be suspended.
On June 14, the surging journalist was exclusively learned from the relevant persons that in the report, the UBS wealth management global chief economist Paul Middot; Paul Donovan, which was suspected of using insulting text in China, will be expected.Pass all work and undergo investigation.
This report in the financial circle caused widespread discussion, which was published on June 12, and the title was literally translated as a very normal inflation.CPI, Japan's new mechanical orders, and the speeches of the President of the European Central Bank.
In the part involved in China, Paul Middot; Donald wrote: China's prices rose.This is mainly due to sick pigs.Is this important?This is important if you are a Chinese pig.You like to eat Chinese pork, which is important.However, it has nothing to do with other parts of the world.
In response, UBS issued an apology on June 13: Any misunderstandings caused by Mr. Paul Donovan, the global chief economist of UBS wealth management, were deeply apologized in any misunderstandings issued by Mr. Paul Donovan yesterday.We have withdrawn the audio comment.It is particularly clarified here that its point of view only explores inflation caused by rising pork prices and China's consumer prices.
In a period of the latest audio sent by UBS to the surging news reporter, Paul Middot; Donald apologized before the blog on the day of the day: First of all, I would apologize to Chinese audiences about Chinese inflation yesterday.I apologized without any misunderstandings caused by my inadvertent comment.We have deleted audio comments from circulation.It should be clear that this comment is about inflation and China's consumer prices rising, which is driven by the price of pork that increases by 14.4%year -on -year.
This statement is basically consistent with UBS's statements.This consistent apology statement was controversial.
On the evening of June 13, the Hong Kong Chinese Securities Industry Association issued an open letter to the UBS Group, pointing out that Paul Donovan, chief economist of UBS Global Wealth Management Paul Donovan, used insultsCaused a very harsh social impact, seriously violated the professional ethics and professional virtues of as professionals.The UBS group's indulgence of the release and spread of this remark seriously damaged the Chinese feelings and corrupted the Chinese image of the Chinese.
In this regard, more than a hundred Chinese -funded member institutions on behalf of the Hong Kong Chinese Securities Industry Association put forward two major requirements:
1. The UBS Group strictly fired punishment of the chief and publicized the results to the Chinese public.
2. Urges UBS Group's management to formally publicly apologize and promise no similar incidents.
On June 14, UBS further responded that UBS attaches great importance to the incident.We are reviewing and optimizing the internal processes to prevent such situations occur again.Our long -term promises in the Chinese market have always been the same.
At present, the report has been removed from UBS's official website.
In the introduction of UBS's official website, Paul Middot; Donna is the chief economist of UBS Global Wealth Management Company.
According to the resume, Paul Middot; Donnawen obtained a master's degree in philosophy, politics and economics at Oxford University, and a master's degree in financial economics at the University of London.At the same time, he is also an honorary academician of Oxford, St.
Paul Middot; Donald joined UBS as an economic intern in 1992 and worked in investment banks.As Chief Economist UBS, he is a member of the Global Investment Council, a member of the UBS Nobel Prospects, and a supporter of the UBS women's economics project.
