Shanghai, 23 May 2016 — Following its receipt of 'trading membership' from the China Financial Futures Exchange (CFFEX), UBS Futures Co., Limited (UBSF) in China has launched a financial futures brokerage service. The CFFEX membership allows the firm to offer an increased range of structured solutions to its institutional clients.

Eugene Qian, Country Head and President of UBS China, said, "China is one of the most important markets globally for UBS, and we are committed to expanding our product offerings to cater to client needs. We are honoured to become a member of CFFEX and are truly excited about the great business opportunities in China's futures market with strong growth potential."

"The establishment of a financial futures brokerage service is a critical step towards realizing our goal of offering the most comprehensive range of cash equities and derivatives services to both domestic and overseas clients. UBSF is in a unique position to offer tailored solutions to clients, levering on UBS's brokerage and electronic trading expertise globally and on the local knowhow and network of UBS Securities," said Thomas Fang, Head of China Equities of UBS, and Chairman of UBSF.

"Although the cost of trading financial futures has increased since July last year, we continue to see growing demand from QFII and RQFII clients, and local fund managers for hedging through financial futures trading," Added Yaotian Shou, General Manager of UBSF.

According to the Chinese Futures Association, in 2015, trading turnover in financial futures stood at RMB 418 trillion, an increase of 154% compared to 2014. The two financial futures products currently available are the index futures (including CSI 300, SSE 50 and CSI 500 indexes) and treasury futures.

In April 2016, UBS Securities Co., Limited increased its stake in UBSF from 95.42% to 100%.

Notes for editors

UBS Futures Co., Limited

UBS Futures Co., Limited (UBSF) provides futures brokerage services in China, targeting institutional investors. It was established in May 2014 following the acquisition of a 95.42% shareholding in Shanghai Pumin Futures Brokerage Co. by UBS Securities Co. Limited. In April 2016, UBS Securities Co. Limited raised its stake in UBSF to 100%

Located in Shanghai, UBSF has a registered capital of RMB120 million and is a member of the China Financial Futures Exchange, the Shanghai Futures Exchange, the Dalian Commodities Futures Exchange and the Zhengzhou Commodities Futures Exchange.

UBS Securities Co. Limited

UBS Securities Co. Limited (“UBS Securities”) is the first foreign-invested securities firm in China with full licenses to conduct businesses including securities brokerage, securities investment consultancy, financial advisory related to securities trading and securities investment activities, securities underwriting and sponsoring, securities proprietary trading, securities asset management and distributing financial products.

The company was registered in December 2006 with a registered capital of RMB 1.49 billion. It was established through the restructuring of Beijing Securities. The five shareholders include: UBS AG (24.99%); Beijing Guoxiang Property Management Co., Ltd (33%); Guangdong Provincial Communication Group Co., Ltd. (14.01%); COFCO (14%) and China Guodian Capital Holdings LTD(14%).

UBS Securities has five business groups -- Investment Banking, Equities, Fixed Income, Wealth Management and Asset Management. It owns 100% of UBS Futures Co., Limited.

Media contact

Mainland China: +86 1891 139 3363 (Joanna Sin), +8621 3866 8051 (Susie Su)