UBS Seeks Full Ownership of China Onshore Securities Firm by 2020

Nov 1, 2019Updated Jun 4, 20251 min read

UBS continues to act as a pioneering foreign bank in mainland China taking full advantage of the accelerated timeline for foreign ownership cap removals by seeking full control of its securities joint venture by 2020.

The accelerated removal of the ownership caps for securities companies means that UBS is expected to be permitted to increase its stake in UBS Securities China from the current level of 51 percent to 100 percent by 2020, the bank said during its quarterly result announcement this week. The exact effective date remains to be clarified.

In July, Chinese authorities announced the removal of foreign ownership limits for securities, insurance and fund management companies next year, introduced a year earlier than planned.

Others have also been actively taking advantage of Chinese liberalization including Citi which is reportedly setting up a wholly-owned onshore securities business.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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