Shanghai, 4 January, 2022 – UBS Securities Co. Limited (UBS Securities), the joint-venture (JV) company that is majority-owned by UBS AG, is celebrating the 15th anniversary of its inception in China.
UBS Securities became operational in China in 2007. Over the years since then the firm has broadened its services to support the needs of its clients, especially in the cross-border space. As the first foreign-invested full-licensed securities JV firm, UBS Securities acts as UBS’s core investment-banking arm in China and plays an integral role in implementing the Group’s growth strategy for the country.
“By leveraging on UBS Group’s global network and experience as well as our local expertise, we provide institutional investors with streamlined access to China and bring Chinese clients to the international markets. We have achieved outstanding results in the country and established a leading position among foreign securities joint ventures,” said Eugene Qian, Chairman of UBS Securities.
David Chin, China Country Head of UBS, added, “Our China strategy is to take advantage of the continued opening of China’s financial market to further enhance our leadership position in investment banking and to expand our wealth management and asset management businesses. We have a long history in China with many milestones, including becoming the first foreign bank to gain a majority stake in a local securities joint venture in 20181. We will continue to increase our investment in the Chinese market and intend to further increase our stake in UBS Securities.”
UBS Securities has played a major role in supporting the investment banking needs of local companies. It has helped Chinese corporates raise over Rmb730 billion in the domestic capital markets, giving UBS a leading position among foreign securities joint ventures. As part of this UBS Securities has supported 95 A-share equity and equity-linked deals and 315 bond deals and is by far the largest A-share IPO deal2 sponsor.
In addition, UBS Securities has been at the vanguard of market development in China. It was the first foreign-controlled securities JV to: solely sponsor an IPO on the STAR market, introduce algorithmic trading to China’s domestic markets, qualify as a Bond Connect market-maker, qualify to participate in securities borrowing and lending, and become licensed to provide margin financing and short selling.
In terms of research, UBS Securities, with the support of the UBS AG team, offers the most comprehensive China coverage of all foreign players, covering about 600 Chinese stocks with 290 A-share stocks. It also became the first foreign broker in China to provide research to institutional investors via a leading fintech digital platform in 2020. Plus, UBS Securities was the earliest player to bring an international wealth management service to China.
“All our business areas are continue growing, particularly given recent developments such as the Greater Bay Area and Beijing Stock Exchange and the government’s focus on advancing New Economy sectors and sustainability solutions,” said Eugene Qian. “We will continue to offer world-class products, services and advice to our clients and hope to continue to contribute to the further development of China’s financial markets.”
Notes for editors
Notes for editors
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS is the largest truly global wealth manager, and a leading personal and corporate bank in Switzerland, with a large-scale and diversified global asset manager and a focused 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, 30% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
UBS Securities is the first foreign-invested fully-licensed securities firm in China. Headquartered in Beijing, its main businesses include Global Banking, Global Markets, Wealth Management, Asset Management and Research. UBS Securities also owns 100% stakes of UBS Futures Co., Limited. In 2018, UBS increased its shareholding in UBS Securities to 51%, to become the first foreign financial institution to raise its stake and take majority control of a securities joint venture in China.