UBS completes inaugural QFII securities lending trades on first day of the program

Shanghai, November 2, 2020 – UBS successfully executed several securities lending transactions in China under the new QFII Securities Lending scheme that went live today. The securities were held in the QFII account of UBS AG and lent to the onshore market by its onshore subsidiary, UBS Securities Company Limited (UBSS).

The transactions were booked across Shanghai Main Board, Shenzhen Main Board and Shenzhen Chinext Board and lent to multiple counterparties through the China Securities Finance Corporation.

In May 2003, UBS was the first international institution to be approved as a QFII by the China Securities Regulatory Commission (CSRC) as well as the first foreign financial institution to invest in the A-share market. UBS actively participates in the A-share market through QFII and Stock Connect program, and has a leading market share in northbound trading.

“Since the launch of the QFII program seventeen years on, UBS has been actively providing services across investments in various financial products in China. We are extremely proud that as the only foreign securities joint venture qualified to participate in the QFII securities lending business as well as the only JV licenced to provide margin financing and short selling, UBS Securities successfully completed the first QFII securities lending transaction,” said Tommie FANG, Head of China Global Markets and QFII Representative at UBS.

“The QFII Securities Lending program is another important milestone to support the growing participation of global investors in the China market and we see significant growth in this exciting new segment,” said, Tim WANNENMACHER, Head of Asia-Pacific Financing at UBS.

UBS provides financial advice solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS’s strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs over 68,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).