证券分析师的职业认识.ppt

文档介绍：瑞银证券研究部主管
UBS中国区研究主管 黄燕铭( Kris Huang)

Strictly Confidential
卖方分析师的职业认识
主要内容





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三把金钥匙
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Development of UBS in China
UBS has long-term commitments to the China capital markets and has played an increasingly important role in China through strategic investments
UBS has been deeply involved in China capital markets reform
Securities Representative Office in Beijing
Securities Representative Office in Beijing
First presence in China
First QFII License awarded with largest quota in China
Allows UBS to offer it’s clients a new range of investment opportunities and unprecedented access to China local markets
Granting of derivatives license
Enable UBS to provide client tailor-made solutions to manage their specific interest rate and currency risks and to enhance investment returns
Enhance FIRC business in China
Allows UBS to deliver structured deposits to wealth management clients
Investment in
Bank of China
Cooperate with BOC in the development of investment banking and securities products and services in China, and for Chinese clients operating internationally
49% stake in
UBS SDIC Fund Management Co. Ltd
Continue the growing interest UBS has in the Chinese financial services industry
The JV can capture new opportunities in Chinese investment management market
Opening of UBS Beijing Bank Branch
Enable FIRC and Wealth Management to facilitate foreign currency deposits, remittances and some loans
Place the Bank an essential step closer to the granting of Renminbi license
Establishment of
UBS Securities
The first foreign financial institution to acquire effective direct control of a Chinese domestic securities firm
Reflects UBS’ long-standing commitment to China
Become a catalyst for the broader transformation of China’s securities industry
Have a meaningful presence in China’s equity market
May 2003
Early 1990’s
Aug 2004