www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

  Home>News Center>China
       
 

UBS acquires US$500m stake in BOC
(AFP)
Updated: 2005-09-27 15:52

UBS, Switzerland's largest bank, said it was acquiring a 500-million-dollar stake in Bank of China (BOC), China's second-biggest bank, as part of a strategic partnership between the two banks.

The two are forming a mutually beneficial strategic cooperation covering the development of investment banking and securities products and services in China and for Chinese clients.

The deal is subject to Chinese regulatory approval.

A spokesman said Tuesday UBS expected the deal to close by the end of 2005.

Following the deal, UBS's stake in BOC will be around 1.6 percent.

The announcement came ahead of BOC's planned initial public offering (IPO) next year, for which UBS is lead manager.

Royal Bank of Scotland, Merrill Lynch and the Li Ka-shing Foundation agreed earlier this year to acquire 10 percent in BOC for a combined 3.1 billion dollars.

UBS said in June that it was in talks with BOC and that it might invest up to 500 million dollars.

The cooperation and investment will "cement the long-standing relationship between Bank of China and UBS", the Swiss bank said in a statement.

They will be preferred partners in various investment banking and related securities business areas in China and for Chinese clients, and in addition will cooperate in operational matters relating to these business areas.

"We regard this agreement as a natural development of our long-term relationship with Bank of China. The combination of Bank of China's brand, distribution and customer base with UBS's products, services and experience will be powerful," UBS said.

The investment is part of UBS's strategic approach of pursuing a number of ventures in the China markets aiming to capture growth potential, it added.

Swiss rival Credit Suisse, meanwhile, was reported to be eyeing a 500-million-dollar stake in China Construction Bank.

UBS's announcement of the BOC investment followed reports in Hong Kong that the Swiss bank was also poised to announce around a 1.7-billion-yuan (210,061-million-dollar) investment in the Beijing Securities.

UBS declined to comment on those reports.

If confirmed, the investment in Beijing Securities would be the first foreign investment in a Chinese mainland brokerage.

The cash would help bail out the Chinese firm, which had debts of 160 million yuan last year, in return for a 20 percent stake in the business and a level of management unheard of among foreign investors in China.

Any deal would be seen as a gauge of China's willingness to open up its brokerages to foreign investment, the reports added.



North Sword 2005 military exercise
Yao Ming, Liu Xiang named Shanghai image representatives
Li Ao in Shanghai
  Today's Top News     Top China News
 

Countdown to second manned space launch

 

   
 

Damrey kills 9, wreaks havoc in Hainan

 

   
 

UBS acquires US$500m stake in BOC

 

   
 

'Anti-war Mom' arrested outside White House

 

   
 

China, India discuss border in Beijing

 

   
 

US, China try again for textile pact

 

   
  497 officials retract stakes in coal mines
   
  US, China try again for textile pact
   
  Tsang hails lawmakers' mainland trip success
   
  China, India discuss border in Beijing
   
  New 'Silk Road' could ease Sino-EU trade
   
  'Chinese Google' in court again
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Bank of China joins car financing business
   
China banks target public listings in 2006
   
BOC appoints underwriters for listing
   
Temasek close to buying BOC stake - FT
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产成人精品一区二区不卡 | 午夜免费一级片 | 日本一级在线观看 | 一级毛片免费播放视频 | 日韩福利视频精品专区 | 麻豆md国产在线观看 | 国产成人精品亚洲777图片 | 日本三级成人中文字幕乱码 | 国产精品国产三级国产专区5o | 天堂视频网站 | 亚洲情a成黄在线观看动 | 天堂色网站 | 亚洲欧美日韩在线精品一区二区 | 草草视频在线观看最新 | 亚洲精品色| 狠狠色丁香久久婷婷综合_中 | 国产欧美一区二区三区视频在线观看 | 美国一级视频 | 欧美成人69| 国产情侣普通话刺激对白 | 免费一级毛片视频 | 成人久久在线 | 欧美大片国产在线永久播放 | 国模偷拍在线观看免费视频 | 女人成午夜大片7777在线 | 综合 欧美 国产 视频二区 | 成人免费毛片网站 | 丁香狠狠色婷婷久久综合 | 欧美一区二区三区在线视频 | 国内精品久久久久影院老司 | 另类女最新视频 | 91久久青青草原线免费 | 91亚洲国产 | 免费看特黄特黄欧美大片 | xp123欧美亚洲国产日韩 | 那里有黄色网址 | 午夜精品一区二区三区在线观看 | 中文国产成人精品久久一区 | 久久天天躁综合夜夜黑人鲁色 | 青青热在线精品视频免费 | 欧美国产综合在线 |