Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
News for Outlets

Chinese market to become significant growth point of UBS global business: UBS Securities

January 21, 2022


Abstract : The CEO of UBS Group AG has made it clear that in the foreseeable future, China will become the company's most critical growth point in the global context, said Eugene Qian, chairman of UBS Securities Co., Ltd. in a recent interview, reported Shanghai Securities News on Friday.

BEIJING, Jan. 21 (Xinhua) -- The CEO of UBS Group AG has made it clear that in the foreseeable future, China will become the company's most critical growth point in the global context, said Eugene Qian, chairman of UBS Securities Co., Ltd. in a recent interview, reported Shanghai Securities News on Friday.

Thanks to China's financial opening-up, UBS Securities was able to enter the Chinese market and become the first foreign-invested fully-licensed securities firm in China.

UBS believes in the continuous opening-up and reform of the Chinese capital market, said Qian, noting that over the 15 years since it came to China, the development and reform of certain areas in the capital market, as well as the speed and scope of expanding opening-up were beyond the company's expectations.

In recent years, multiple business sectors of UBS Securities have been benefited from programs and regulations such as the sci-tech innovation board, Hong Kong Stock Connect, Bond Connect, Shanghai-London Stock Connect, etc. The company will continue to explore ways to better serve real economy and achieve sustainable growth, Qian said.

As one of the two biggest financial service markets in the world, China should not be neglected by anyone seeking growth, according to Qian, adding that most foreign-invested institutions have reached consensus on the potential of the Chinese market. He also introduced that the number of employees with UBS in China has increased from about 500 to more than 1,300, and is expected to grow even larger in the future.

While growing to be more open and inclusive, the Chinese capital market is also expected to leaning more towards professional institutions. "We look forward to maintaining the confidence and determination in opening-up throughout this development journey," Qian noted. 

(Edited by Yu Huichen with Xinhua Silk Road, yhc0267@163.com)

Scan the QR code and push it to your mobile phone

Keyword: UBS Chinese capital market

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial