UBS Tag

15 Apr China’s energy trade with Middle East set to surge since Beijing brokered last year’s Iran-Saudi deal, UBS says

Posted at 23:00h in Asia

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.By 2030 trade between the two will have risen by...

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12 Apr Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Posted at 12:30h in Asia

Spotlight Automotive, BMW’s 50-50 electric vehicle (EV) venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.Cars including models under BMW-owned brand Mini will be sold in markets such as Europe and Southeast Asia after Spotlight starts...

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09 Apr New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

Posted at 01:39h in Asia

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to Moody’s Investors Service.The projection suggests a steady and continuous gain over the next six years...

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07 Apr China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

Posted at 10:10h in Asia

“Live-stream shopping in China is very influencer-driven. People watch live streams because they trust the influencer,” he said. “Whereas in the US, it’s still brand-focused. The relationship is between the brand and the customer, not an influencer.”Unlike mainland China’s influencer-driven live-streaming e-commerce segment, the direct...

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02 Apr Exclusive | UBS sees Asia as its future growth engine after Credit Suisse merger boosted its regional footprint, CEO says

Posted at 00:30h in Asia

As of the end of last year, UBS had attracted a net US$77 billion of new money globally since the two banks officially merged on June 12. That was much higher than the first five months of 2023, when Credit Suisse saw an outflow of...

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27 Mar UBS marks completion of new building in West Kowloon that will house the Swiss bank’s Hong Kong staff

Posted at 08:51h in Asia

UBS and Sun Hung Kai Properties (SHKP) have held a ceremony marking the completion of a new building that will eventually house all the Swiss bank’s staff in Hong Kong.The 14-storey office tower in West Kowloon will bring the bank’s staff, who are currently spread...

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26 Mar China’s economy remains resilient with powerful underlying strengths and long term opportunities, say Hong Kong officials, UBS’s Ermotti

Posted at 11:13h in Asia

China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...

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28 Feb China’s ‘national team’ buys US$57 billion of ETFs to buttress flagging stock market, UBS says

Posted at 08:23h in Asia

Chinese state buyers have bought a net 410 billion yuan (US$57 billion) of exchange-traded funds (ETFs) this year to shore up the nation’s US$9 trillion stock market, according to UBS Group.Dubbed the “national team” by investors, the state players pumped 311 billion yuan, or 76...

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11 Feb Year of the Dragon: most popular of the Chinese zodiac signs dominates corporate lai see packets again

Posted at 06:30h in Asia

“This is because the dragon is the most popular zodiac animal of them all. Everybody likes dragons, so the companies want to deliver dragon-designed lai see packets to their customers.”It is Chinese tradition for married couples to hand out lai see, or blessing money,...

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30 Jan AI, cross-border e-commerce are bright spots for Chinese internet firms in 2024, UBS says

Posted at 11:00h in Asia

Chinese internet firms can look to chase growth through international markets and artificial intelligence (AI) in 2024, according to UBS.China’s e-commerce platforms, facing intense domestic competition with new rivals and short-video app operators, are ramping up overseas expansion, Kenneth Fong, head of China internet research...

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