UBS Securities

UBS Securities
joint venture
Industry Financial services
Predecessor Beijing Securities
Founded 2006
Headquarters Beijing, China
Area served
 mainland China
Services
Revenue Increase CN¥1.232 billion (2015)
Increase CN¥388 million (2015)
Increase CN¥301 million (2015)
Total assets Increase CN¥3.731 billion (2015)
Total equity Increase CN¥1.886 billion (2015)
Owner
Website www.ubssecurities.com Edit this on Wikidata
Footnotes / references
in a consolidated basis; in Chinese accounting standards[1]
UBS Securities Co., Ltd.
Simplified Chinese 瑞银证券有限责任公司
Traditional Chinese 瑞銀證券有限責任公司
UBS Securities
Simplified Chinese 瑞银证券
Traditional Chinese 瑞銀證券

UBS Securities Co., Ltd. is a Chinese investment bank and brokerage firm that affiliated to Swiss investment bank UBS, which was the second largest shareholder for 24.99% stake. (or the third if considering central government-owned China Guodian and COFCO Group were one entity).

History

The firm was established in 2006 after the financial difficulties of Beijing Securities.[2] China Jianyin Investment (an indirect subsidiary of the State Council) and Beijing Guoxiang Asset Management (Chinese: 北京国翔资产管理有限公司, an asset management subsidiary of Beijing Municipal People's Government)[3] reestablished a firm to replace Beijing Securities. UBS and International Finance Corporation got clearance to buy a combined 24.99% of the enterprise in 2007, under the laws governing Sino-foreign joint ventures. COFCO Group and State Development & Investment Corporation (SDIC) also acquired part ownership from China Jianyin Investment. In May 2007 the firm began operations. In 2011, China Guodian acquired the SDIC's 14% stake. Also in 2011, China Jianyin Investment sold its remaining 14.01% stake to its parent company, Central Huijin Investment, which was in turn acquired in 2013 Guangdong Provincial People's Government-owned Guangdong Provincial Communication Group. In 2014 UBS increased its stake from 20% to 24.99% by acquiring International Finance Corporation's share.[1]

Business

UBS Securities was the underwriter of BYD Company, Pang Da Automobile Trade and other publicly traded companies in their IPO.

See also

  • CSC Financial, also known as China Securities Company, sister company also owned by Beijing Municipal Government

References

  1. 1 2 "2015 Annual Report" (PDF) (in Chinese). UBS Securities. 2016. Retrieved 12 November 2016.
  2. ↑ "UBS wins approval for Beijing Securities deal". The Financial Times. 5 April 2006. Retrieved 12 November 2016.
  3. ↑ "Beijing Guoxiang Property Management Co., Ltd". Beijing State-owned Assets Management. 13 January 2016. Retrieved 29 November 2016.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.