UBS Enters China’s Financial Futures Market

by swisscham in Bank, Finance, Insurance

UBS Securities has agreed to buy a controlling stake in Shanghai Pumin Futures Brokerage in a move that will give the Swiss bank access to ChinaÕs burgeoning financial futures market. The UBS affiliate said it had regulatory approval to acquire a 95.42% stake in the firm and to invest RMB 90 million (USD 14.8 million) in the Chinese futures broker, underlining its commitment to the business. ÒWe hope to make available a financial futures brokerage service to our clients in the future and this complements our current offerings, including domestic equity advisory, QFII and RQFII brokerage, electronic trading strategy & execution and OTC derivative,Ó said Xia Yang, head of equities of UBS Securities. Shanghai Pumin will continue to operate under its own name, a source familiar with the situation said.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
September 28, 2021
Published By s-ge.com in Business
September 18, 2021
Published By Consulate General of Switzerland in Guangzhou in Bilateral Relations
September 10, 2021
Published By enics.com in Engineering / Manufacturing
September 3, 2021
Published By baselarea.swiss in Business
September 2, 2021
Published By moodiedavittreport.com in Hospitality / Tourism / Retail