UBS Securities

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).

For other "UBS Securities" in other countries, see UBS.
UBS Securities
joint venture
IndustryFinancial services
PredecessorBeijing Securities
Founded2006
Headquarters
Beijing
,
China
Area served
mainland China
Services
Revenue CN¥1.232 billion (2015)
CN¥388 million (2015)
CN¥301 million (2015)
Total assets CN¥3.731 billion (2015)
Total equity CN¥1.886 billion (2015)
Owner
Websitewww.ubssecurities.com 
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

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. "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.



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