UBS enters China's financial futures market

The acquisition of a controlling stake in Shanghai Pumin Futures Brokerage underlines UBS's commitment to the market.

UBS enters China's financial futures market

UBS Securities has agreed to buy a controlling stake in Shanghai Pumin Futures Brokerage in a move that will give the Swiss bank access to China’s burgeoning financial futures market.

The UBS affiliate said it had regulatory approval to acquire a 95.42% stake in the firm and to invest Rmb90 million $14.8 million in the Chinese futures broker, underlining its commitment to the business.

“ We hope to make available a...

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