He said the trust had been unable to find suitable alternative premises, so had closed the unit while changes are made.

BBC: Blackberry Hill Hospital 'must improve'

The Swiss franc has rallied over the recent quarters as just about the sole European alternative to the 17-nation single currency unit whose weaker deficit-ridden nations have raised angst for the euro.

FORBES: Franc Falls But Ratings Worries Dog Dollar

In December the group created a new asset management unit, China Merchants Capital, to oversee private equity and alternative investments (Fu is its chairman and CEO).

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