During 2025, UBS reinforced its position in China through a combination of market access, execution technology, research and sustained investment in its onshore franchise.
The bank ranked first among QFII and Stock Connect brokers in China in an industry survey. Its position reflects a long investment in local infrastructure: UBS was an early entrant to the QFII programme, established the first fully licensed Chinese securities firm with foreign investment and remains the only global firm with exchange co-location in the country.
That commitment deepened in April 2025, when UBS increased its ownership of UBS Securities to 100%. A subsequent RMB720 million ($107 million) capital injection supported further expansion of its investment banking, wealth management and global markets businesses.
Research further strengthened the franchise. UBS covers more than 700 China and Hong Kong stocks, including more than 380 A-shares
Technology remained an important differentiator. UBS continued to invest in its China Quant Solutions platform, strengthening trading controls and surveillance as regulation became more complex. Capacity within its Chinese order management systems increased from 600 to 900 transactions a second, improving stability during index events, closing auctions and periods of exceptional activity. Post-trade enhancements also shortened booking times and helped address same-day settlement requirements.
The bank’s product capabilities complemented its execution infrastructure. UBS expanded A-share derivatives activity during 2025 and continued to provide liquidity across vanilla and structured products. Enhancements to swap internalisation gave clients access to additional liquidity while delivering transaction cost savings through the bank’s governance framework.
Research further strengthened the franchise. UBS covers more than 700 China and Hong Kong stocks, including more than 380 A-shares, giving international investors extensive support when navigating the domestic market. It also maintains an active dialogue with regulators and exchanges on programme trading and cross-border access.
By combining a substantial onshore presence with global distribution, research and electronic execution, UBS offered investors a comprehensive route into China’s markets.
