Text size

UBS becomes first foreign shareholder to apply for China JV majority ownership

The UBS AG company logo sits at the bank’s headquarters in Zurich, Switzerland, on Monday, May 3, 2010. UBS AG, Switzerland’s biggest bank, reported the highest quarterly profit in almost three years after a rebound at the securities unit. Photographer: Peter Frommenwiler/Bloomberg

UBS has become the first foreign shareholder to apply for majority ownership in its China securities joint venture (JV) under a new regulatory framework unveiled by the China Securities Regulatory Commission over the Chinese May Day weekend. In an update posted on the CSRC registry for administration approval and information disclosures after market close on Wednesday, the Chinese securities regulator…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].