UBS in China

China represents one of the most important sources of new business opportunities for UBS across its businesses anywhere in the world. In 1965, UBS was the first Swiss-based bank to establish a presence in the Asia Pacific region, primarily through its wealth management business. UBS has provided corporate finance advice to Chinese enterprises since 1985. UBS invested early in mainland China. Since 1989, it has expanded to establish a multi-entity domestic platform which comprises multiple entities with a broad range of licenses. UBS plans to broaden the leadership position held by its investment bank and expand the wealth and asset management businesses by taking advantage of the opportunities arising from ongoing wealth creation, market reform and globalization in China.

Achievements and milestones

• First foreign institution to qualify as a Qualified Foreign Institutional Investor (QFII).

• Establishment of UBS Securities marks the first time that a foreign bank invested directly in a fully-licensed domestic securities firm.

• First foreign institution to hold a maximum 49% stake in a Chinese fund management company, UBS SDIC.

• First Swiss bank to establish a wholly foreign-owned bank in China, UBS (China) Limited.

• Leading China investment banking business, which consistently ranks top among international investment banks.

• Well-positioned to grow domestic wealth management business, levering on UBS (China) Limited and UBS Securities.

• A leading asset manager offering a board range of onshore and offshore investment products and capabilities.

• UBS's annual Greater China Conference is widely regarded as the region's pre-eminent China forum.

History 2016

2014

2012

2006

2005

2004

1989

1985

1965

Opening of UBS (China) Limited Shanghai Branch

UBS (China) Limited Beijing Huamao Sub-branch established, UBS's first ground-floor presence in Asia Pacific

UBS Futures Co., Ltd established

UBS Global Asset Management (China) Ltd established in Beijing

The incorporation of UBS Securities Co., Ltd in December, the first time that a foreign bank invested directly in a fully-licensed domestic securities firm

UBS (China) Limited established, converting from UBS AG Beijing Branch into a wholly foreign-owned bank

UBS SDIC Fund Management Co. Ltd established, fund management JV formed by UBS and State Development Investment Corporation Opening of UBS AG Beijing

Branch

Representative offices opened in Beijing and Shanghai

Began to provide corporate finance services for Chinese companies

UBS established in Asia Pacific

2015 UBS Asset Management (Shanghai) Ltd set up in Shanghai Free Trade Zone

2011

UBS obtained the first QFII license

2003

UBS Securities Co., Ltd (24.99%-owned by UBS)

• First foreign-invested fully-licensed securities firm inChina

• Shareholders include: UBS AG (24.99%); BeijingGuoxiang Property Management Co., Ltd (33%);Guangdong Provincial Communication Group Co., Ltd.(14.01%); COFCO (14%) and China Guodian CapitalHoldings Ltd (14%)

• Headquartered in Beijing, the joint venture has fivetrading outlets in Beijing, Shanghai (two), Shenzhen andGuangzhou

• Owns 100% of UBS Futures Co., Ltd

UBS SDIC Fund Management Co Ltd (49%-owned by UBS)

• Engaged in domestic mutual funds and trust advisory,Qualified Domestic Institutional Investors (QDII), QualifiedForeign Institutional Investors (QFII) and RQFII schemes

• Operates two subsidiaries, namely UBS SDIC CapitalManagement Co., Ltd, offering special-purpose assetmanagement services and UBS SDIC Asset Management (HK)Co., Ltd, offering advisory services to QFII clients

• Headquartered in Shanghai, with presence in Beijing,Guangzhou, Shenzhen and Hong Kong

UBS (China) Ltd (100%-owned by UBS)

• Locally incorporated wholly-owned foreign bank,focusing on wealth management

• Headquartered in Beijing, opened Beijing HuamaoSub-branch in 2014 and Shanghai Branch in 2016

UBS Futures Co., Limited (100%-owned by UBS Securities)

• Offers futures brokerage services in China, targetinginstitutional investors

• Located in Shanghai

UBS Global Asset Management (China) Ltd (100% owned by UBS)

• Engaged in domestic non-securities equity investmentmanagement and advisory services

• Located in Beijing

UBS Asset Management (Shanghai) Ltd (100%-owned by UBS)

• Offers private funds in China for investing in overseas marketsunder the Qualified Domestic Limited Partner (QDLP) scheme

• Set up in the Shanghai Free Trade Zone

UBS businesses in China

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Issued in Australia by UBS AG ABN 47 088 129 613 (AFSL* No. 231087). *AFSL means holder of Australia Financial Services License. © UBS 2016. All rights reserved.

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