UBS Offers a Vote Of Confidence in China’s Equity Market

by swisscham in Bank, Finance, Insurance

Swiss bank UBS AG said on Monday that it plans to double its earnings in the equities business in China in the next five years. Fang Dongming, head of China equities at UBS AG, said that the bank will seek to diversify its equities business from the traditional commission earnings under the Qualified Foreign Institutional Investors program to new business, including margin trading, short selling, derivative trading business and cross-boarder financing and investment business.

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