trending Market Intelligence /marketintelligence/en/news-insights/trending/8sttbtlv8skc42oqhfhhng2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UBS' Chinese securities JV partners puts up stakes for sale

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

UBS' Chinese securities JV partners puts up stakes for sale

UBS Group AG is one step closer to holding a majority holding in its Chinese joint venture, UBS Securities Co. Ltd., after two of its partners said they had put up their stakes for sale, Reuters reported Oct. 12.

UBS would become the first global investment bank to hold majority ownership in the joint venture if it purchases the holdings.

COFCO Group is selling its 14% stake in UBS Securities for about 461.7 million yuan, while investment manager China Guodian Capital will sell a 12.01% stake in the joint venture for about 396.1 million yuan, according to statements to the China Beijing Equity Exchange. The filings said the stakes should be purchased together but neither filing disclosed a buyer. If UBS buys the stakes, it would hold a 51% stake in UBS Securities.

Foreign financial institutions in China have been able to increase their stakes in local brokerages and asset managers to 51% since April. UBS submitted an application with the Chinese securities regulator to hold a majority stake in its joint venture in May.

A UBS spokesman declined to comment on the matter.

As of Oct. 12, US$1 was equivalent to 6.92 Chinese yuan.