UBS Securities


UBS Securities Co., Ltd. is a Chinese investment bank and brokerage firm that affiliated to Swiss investment bank UBS, which was the second largest shareholder for 24.99% stake..

History

The firm was established in 2006 after the financial difficulties of Beijing Securities. China Jianyin Investment and Beijing Guoxiang Asset Management reestablished a firm to replace Beijing Securities. UBS and International Finance Corporation got clearance to buy a combined 24.99% of the enterprise in 2007, under the laws governing Sino-foreign joint ventures. COFCO Group and State Development & Investment Corporation also acquired part ownership from China Jianyin Investment. In May 2007 the firm began operations. In 2011, China Guodian acquired the SDIC's 14% stake. Also in 2011, China Jianyin Investment sold its remaining 14.01% stake to its parent company, Central Huijin Investment, which was in turn acquired in 2013 -owned. In 2014 UBS increased its stake from 20% to 24.99% by acquiring International Finance Corporation's share.

Business

UBS Securities was the underwriter of BYD Company, Pang Da Automobile Trade and other publicly traded companies in their IPO.