UBS bringing 'the real value of a global investment bank' into China
By Zhou Lanxu | China Daily | Updated: 2019-10-23 07:37
This may prove to be a landmark year for China's capital markets with the sci-tech innovation board, or STAR Market, kicking off groundbreaking reforms.
It is also a landmark year for UBS Securities, which is operating as the country's first foreign-controlled securities firms for the first year.
UBS Securities was one of the first foreign investment banks to enter the Chinese market and was registered as the first fully-licensed securities joint venture in 2006. In December last year, it became China's first foreign-controlled securities firm after the parent company UBS AG increased its stake to 51 percent.
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