UBS China

UBS China is the China-based business platform of UBS Group AG, principally represented by UBS Securities Co., Ltd., an investment bank and brokerage firm operating under China's regulatory framework. The business provides access to UBS's international financial-services capabilities while operating through a locally established securities-company structure. Its activities have included investment banking, securities brokerage, underwriting and distribution, wealth management, and asset management. The Chinese securities company was established in 2006 by China Jianyin Investment and Beijing Guoxiang Asset Management following financial difficulties at Beijing Securities. Because foreign ownership in China's financial sector was restricted, UBS initially entered through a Sino-foreign joint-venture arrangement. UBS and the International Finance Corporation together acquired 24.99% of the company in 2007. Other shareholders included China Jianyin Investment, COFCO Group, State Development and Investment Corporation, China Guodian and entities connected with Beijing's state-owned asset-management system. UBS Securities began operations in May 2007. In its early years, the company participated in the underwriting of initial public offerings, including those of BYD Company and Pang Da Automobile Trade, as well as other listed companies. These transactions helped establish the firm as an international-investment-bank participant in China's domestic capital markets. The ownership structure changed several times as Chinese shareholders transferred stakes among state-linked entities. In 2011, China Guodian acquired a 14% interest from SDIC, while China Jianyin Investment transferred its remaining 14.01% interest to Central Huijin Investment. That stake later moved to Guangdong Provincial Communication Group, which was owned by the Guangdong provincial government. In 2014, UBS increased its holding from 20% to 24.99% by acquiring the International Finance Corporation's interest. UBS subsequently obtained majority control. In 2015, it increased its ownership to 51% through purchases from China Guodian and COFCO Group, making UBS Securities a subsidiary of UBS in the period of expanding foreign participation in China's securities industry. The Wikipedia account also describes the Chinese arm as a UBS subsidiary from 2018, reflecting the evolution and consolidation of the group's China business. UBS Securities has been characterized as China's first foreign-invested, fully licensed securities firm. The brand's positioning combines UBS's global investment-bank and wealth-management capabilities with a locally licensed Chinese platform. Its relevance is strongest in domestic capital-market transactions, institutional and corporate finance, securities services, and services for Chinese and international investors. Public reference material does not provide a complete current breakdown of the legal entities, product-level revenue, current management team, or exact ownership percentages for every period; those details should therefore be verified against current regulatory and company disclosures.

UBS China developed from the restructuring of a Chinese securities business after the financial difficulties of Beijing Securities. In 2006, China Jianyin Investment and Beijing Guoxiang Asset Management established the firm. China Jianyin Investment was associated with the state financial system, while Beijing Guoxiang Asset Management was connected with the Beijing municipal government. The company's ownership reflected the joint-venture restrictions that governed foreign participation in China's securities sector at the time. UBS entered the ownership structure in 2007 together with the International Finance Corporation. The two investors acquired a combined 24.99% interest, allowing UBS to participate in the business without exceeding the foreign-ownership ceiling then applicable to Chinese securities companies. COFCO Group and State Development and Investment Corporation also became shareholders through transfers involving China Jianyin Investment. Operations began in May 2007. UBS Securities subsequently worked on domestic capital-market transactions, including the underwriting of initial public offerings for BYD Company and Pang Da Automobile Trade. Its early role demonstrated how an international bank could combine global investment-banking expertise with a locally licensed Chinese securities platform. The shareholder structure was reshaped during the following decade. In 2011, China Guodian acquired SDIC's 14% holding. China Jianyin Investment transferred its remaining 14.01% stake to Central Huijin Investment. In 2013, the relevant interest was acquired by Guangdong Provincial Communication Group, an entity owned by the Guangdong provincial government. UBS increased its stake to 24.99% in 2014 by purchasing the International Finance Corporation's share. UBS moved from minority participation to majority control in 2015, when it acquired additional interests from China Guodian and COFCO Group and raised its holding to 51%. The company is described in reference material as a UBS subsidiary from 2018, although the account also records the 2015 majority acquisition. This reflects a broader period in which China's financial-sector rules evolved and international firms gained greater scope to control local securities operations. Beijing Guoxiang Asset Management's interest was later described as being held by Beijing State-owned Assets Management. The resulting structure connected UBS Securities to both UBS's global organization and a network of Chinese state-linked shareholders. The company has been described as the first foreign-invested, fully licensed securities firm in China. Its public profile centers on investment banking, securities brokerage, underwriting, capital-markets activity, wealth management and asset management. Detailed current information about its management, legal structure, ownership percentages and product revenues is not established by the supplied reference material.

• 2018

  UBS subsidiary status recorded

  [1]UBS Chinaen.wikipedia.org

  Reference material describes UBS Securities as a subsidiary of UBS from 2018.

• 2015

  UBS becomes the majority owner

  [1]UBS Chinaen.wikipedia.org

  UBS raised its stake to 51% through acquisitions from China Guodian and COFCO Group.

• 2014

  UBS reaches the foreign-ownership ceiling

  [1]UBS Chinaen.wikipedia.org

  UBS increased its holding from 20% to 24.99% by acquiring the International Finance Corporation's interest.

• 2013

  Stake moves to Guangdong Provincial Communication Group

  [1]UBS Chinaen.wikipedia.org

  The interest previously associated with Central Huijin Investment was acquired by Guangdong Provincial Communication Group.

• 2011

  Chinese shareholder interests are transferred

  [1]UBS Chinaen.wikipedia.org

  China Guodian acquired SDIC's 14% interest, while China Jianyin Investment transferred its remaining 14.01% stake to Central Huijin Investment.

• 2007

  UBS enters the ownership structure

  [1]UBS Chinaen.wikipedia.org

  UBS and the International Finance Corporation acquired a combined 24.99% stake under the foreign-investment rules then governing Chinese securities firms.

• 2007

  Operations commence

  [1]UBS Chinaen.wikipedia.org

  UBS Securities began operating in May and participated in Chinese public-market underwriting, including IPOs for BYD Company and Pang Da Automobile Trade.

• 2006

  Chinese securities firm established

  [1]UBS Chinaen.wikipedia.org

  China Jianyin Investment and Beijing Guoxiang Asset Management established the company following financial difficulties at Beijing Securities.

A locally licensed Chinese securities and investment-banking platform linked to UBS's international financial-services network.

• Corporate finance · 2007

  Investment banking

  UBS China's investment-banking business supports corporate and institutional clients through capital-markets and advisory activities. Its documented historical role includes underwriting public offerings for Chinese companies, including BYD Company and Pang Da Automobile Trade. The supplied references do not provide a current product-by-product description or revenue split.

• Brokerage · 2007

  Securities brokerage

  As a licensed Chinese securities firm, UBS Securities provides securities-market and brokerage capabilities within China's regulatory framework. The platform connects local market access with UBS's international institutional and investment-banking network.

• Wealth management

  Wealth management

  Wealth management is part of the broader UBS China platform and reflects UBS's global focus on serving private and institutional investors. The supplied reference does not specify the exact Chinese legal entities, mandates or product range through which these services are currently delivered.

• Asset management

  Asset management

  Asset management forms part of UBS's China business scope. Public material supplied for this entry does not establish a complete list of locally offered funds, mandates or investment strategies, so the offering is described at the platform level.

• 2015

  UBS increases ownership to a majority stakeM&A

  Background

  Changes in the shareholder structure and the development of China's securities sector created an opportunity for UBS to increase control of its Chinese platform.

  Action taken

  UBS acquired additional interests from China Guodian and COFCO Group, raising its stake to 51%.

  Aftermath

  UBS Securities became majority controlled by UBS and was subsequently described as a UBS subsidiary in reference material.

  Source

• 2007

  UBS enters through a minority joint-venture stakeM&A

  Background

  Foreign ownership restrictions limited the share that an international financial institution could hold in a Chinese securities company.

  Action taken

  UBS and the International Finance Corporation acquired a combined 24.99% interest in the Chinese securities firm.

  Aftermath

  The transaction gave UBS a locally established platform from which to conduct regulated investment-banking and securities activities in China.

  Source

1. 1UBS Chinaen.wikipedia.org