UBS Securities

For other "UBS Securities" in other country, see UBS.
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)
Profit 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
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] which 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 managing subsidiary of Beijing Municipal People's Government)[3] reestablished a firm to replace Beijing Securities. UBS and International Finance Corporation got the clearance to buy a combined 24.99% in 2007, under the laws governing Sino-foreign joint venture. COFCO Group and State Development & Investment Corporation (SDIC) also acquired part of the stake from China Jianyin Investment. In May 2007 the firm started to operate. In 2011, China Guodian acquired the 14% stake from SDIC. In the same year China Jianyin Investment sold their remain 14.01% stake to their parent company Central Huijin Investment, which was acquired by Guangdong Provincial People's Government owned Guangdong Provincial Communication Group in 2013. In 2014 UBS increased their stake from 20% to 24.99% by acquiring International Finance Corporation's stake.[1]

Business

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

See also

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.
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