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UBS Results
Initiatives and achievements
UBS Securities expands in China
In August 2007, the six trading outlets of UBS Securities, a joint venture affiliated with a number of Chinese partners, started operations in Beijing, Shanghai, Guangzhou and Shenzhen to serve the local wealth management needs of China's high net-worth individuals. The outlets will offer advisory and brokerage services of listed Chinese equities, bonds and open-ended funds. After receiving the appropriate licenses, UBS Securities also intends to provide insurance products, derivatives and structured products. All products will be denominated in RMB yuan and aligned to local conditions and standards.
The outlets in China will provide the business with access to a significant portion of China's wealthy citizens. UBS holds a 20% stake in UBS Securities.
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© UBS 1998-2009. All rights reserved.
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Create your own report by searching and selecting articles of our quarterly reports. | | | | | |
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