Company type | joint venture | ||||||||
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Industry | Financial services | ||||||||
Predecessor | Beijing Securities | ||||||||
Founded | 2006 | ||||||||
Headquarters | Beijing , China | ||||||||
Area served | Mainland China | ||||||||
Services | |||||||||
Revenue | ![]() | ||||||||
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Total assets | ![]() | ||||||||
Total equity | ![]() | ||||||||
Owner |
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Parent | UBS Group | ||||||||
Chinese name | |||||||||
Simplified Chinese | 瑞银证券有限责任公司 | ||||||||
Traditional Chinese | 瑞銀證券有限責任公司 | ||||||||
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UBS Securities | |||||||||
Simplified Chinese | 瑞银证券 | ||||||||
Traditional Chinese | 瑞銀證券 | ||||||||
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Website | www |
UBS Securities Co.,Ltd. is the investment bank and brokerage firm of the Swiss bank UBS with offices in many countries,among them China. Its Chinese arm is a joint-venture according to the restrictions of foreign investments in China,especially in the financial sector. Since 2018,it is a subsidiary of the Swiss bank UBS.
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In 2006,China Jianyin Investment (an indirect subsidiary of the State Council) and Beijing Guoxiang Asset Management (an asset management subsidiary of the Beijing Municipal People's Government) [1] established the firm after the financial difficulties of Beijing Securities. [2] UBS and the International Finance Corporation bought a combined 24.99% share 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. [3]
The firm began operations in May of 2007. It underwrote BYD Company,Pang Da Automobile Trade and other publicly traded companies in their IPO. In 2011,China Guodian acquired the SDIC's 14% stake and China Jianyin Investment sold its remaining 14.01% stake to its parent company,Central Huijin Investment,which was in turn acquired in 2013 by the Guangdong Provincial People's Government-owned Guangdong Provincial Communication Group . One year later,UBS increased its stake from 20% to 24.99% by acquiring International Finance Corporation's share. [4]
UBS Securities became a subsidiary of UBS in 2015. [5] The latter company increased its share to 51% by acquiring additional stake from China Guodian and COFCO Group. [6] Beijing Guoxiang Asset Management's stake in UBS Securities is now (as of 2019) owned by sister company Beijing State-owned Assets Management. [7] Yu Xugang and his coauthors called UBS Securities "the first foreign-invested fully-licensed securities firm in China". [8]