>>11249
So maybe it's not surprising that UBS AG has a Beijing subsidiary - UBS Securities (Beijing) Ltd.
[SEE >>10511]


Or that the Chinese gov't allowed UBS AG to gain a MAJORITY STAKE in UBS Securities LTD on Dec 1 2018 -
the first foreign company allowed to do that in China:


UBS secures majority stake in a China securities joint venture
Dec 1, 2018

Switzerland’s largest bank, UBS, has become the first foreign bank to hold a majority stake in a China securities joint venture, after gaining approval from country’s securities regulator...

The Swiss bank, which currently owns 24.99% of the UBS Securities Co joint venture, had applied in May this year to the China Securities Regulatory Commission (CSRC) to raise its stake to 51%. UBS is acquiring from China Guodian Capital Holdings and COFCO their 12.01% and 14% stakes in UBS Securities, respectively.

This makes it the first foreign bank to secure such control under new rules announced by Beijing last year.