Founded in 1998 by the merger of UBS and UBS Group, UBS is the world's largest private bank and a world-renowned foreign exchange dealer and asset manager
UBS (China) Co., Ltd. ("UBS China") is a wholly-owned subsidiary of UBS AG, formerly known as UBS Beijing Branch, which was established in 2004 and officially opened in July 2012 after being approved by the China Banking Regulatory Commission in March 2012 to transform into a wholly foreign-owned bank. The company has a registered capital of 2 billion yuan and is headquartered in Beijing. UBS (China) Co., Ltd. is principally engaged in wealth management business and interbank business (including foreign exchange, interest rate and credit business and financial institution business). UBS China has opened a sub-branch in Beijing, which officially opened in October 2014.
UBS was formed in 1998 by the merger of UBS and the UBS Group. Total assets at the end of 2001 were 1.18 trillion Swiss francs, with off-balance sheet assets under management exceeding 2.0 trillion Swiss francs. Net profit in 2002 was 3.5 billion Swiss francs. UBS is a well-known financial services company, the world's largest asset management company, the largest investment guarantee bank, and a leader in private services, serving more than four million individuals and businesses. It consists of three divisions: UBS Warburg, UBS Institutional Asset Management and UBS Swiss Private Bank, and UBS Institutional Asset Management currently has more than $1 trillion in client assets. In 2000, UBS acquired Pratt & Whitney, the fourth-largest securities broker in the United States.
Switzerland的Bank体系由州立Bank（Kantonal banks）、大Bank（Big banks）、地方和储蓄Bank(Regional banks & saves banks）、信用合作Bank（Raiffeisen banks）和包括外资Bank在内的其它Bank（Other banks）组成。2003年，Switzerland全国Bank总数达378家。
The UBS Group is today the largest bank in Switzerland and one of the world's leading financial institutions. It is no exaggeration to say that Switzerland's huge banking industry and status as a global financial center are in fact mainly supported by the Swiss banking group. In Switzerland, UBS accounts for nearly 40 per cent of the assets and liabilities of the entire Swiss banking sector and employs more than 30 per cent of the bank's total number of employees. Internationally, UBS Group is the world's largest private bank, the world's largest foreign exchange broker, the world's largest asset manager, and its position in the global commercial and investment banking fields is rising. In many cases, the UBS Group is synonymous with the Swiss banking industry.
