久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Q and A with CEO

Promising prospects for financial services

By Li Xiang | China Daily | Updated: 2018-04-11 07:33
Share
Share - WeChat
Sergio Ermotti, CEO of UBS Group AG. [Photo provided to China Daily]

Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.

UBS aims to help Chinese investors and lenders diversify their asset allocation portfolio, says group CEO

Please use three words to describe China's changes in the past 40 years.

Remarkable, visionary and a great comeback.

What are the biggest achievements in China since the introduction of the reform and opening-up policy 40 years ago?

From my point of view, it is clearly the fact that hundreds of millions of people have come out of poverty in the past 40 years, and the fact that China has managed to build a modern and well-established infrastructure.

Meanwhile, it is not only about the growth itself. It is also about the quality of the growth. So it is quite impressive when you see the wealth creation in the country and the strong prospects for future growth.

How do you anticipate the next round of reforms and opening up in China and how will UBS benefit from that?

We have had a presence in the Chinese mainland since 1989 and we are in discussions about our ability to increase our stake in UBS Securities to 51 percent, which is a very important step going forward.

We are already very active in China with our asset management business. The fact that we are one of the first foreign banks to get the license to distribute certain kinds of funds is very helpful for us. China's opening is very promising because our aim is to help Chinese investors and financial institutions to diversify their asset allocation and in the next five to 10 years I am sure China will offer great growth prospects for UBS and the overall financial services industry.

How do you see the internationalization of the Chinese capital market and what roles can foreign banks play in the process?

The internationalization of the Chinese equity markets, including the inclusion of Chinese stocks into the MSCI indexes, is clearly something that fits into our strategy. We are helping international investors invest in China and our aim is also to help Chinese investors to invest internationally. UBS is a global bank and benefits from open markets and the dynamics of globalization. Our clients look at finding pools of liquidity and assets that are investable, so the opening of the Chinese market is a welcome move that should also be positive for China.

How do you comment on China's ongoing effort of preventing financial risks to foster a healthy development of the financial service industry?

I think a big risk is that the economy is growing with a lot of leverage in the system. The situation is not so preoccupying for the moment. Probably the most delicate issue to tackle is the shadow banking phenomenon in China, which is something that needs to be fully understood. I am sure the government is already looking at ways to contain and manage this risk. Over time, I do think that the ability of the economy to fund true development of efficient equity and debt markets should help address the phenomenon of shadow banking activities.

How do you see the rise of local Chinese banks and their desire to push international expansion along the Belt and Road Initiative?

We are active through our asset management business to help investors invest in infrastructure projects. We welcome the development of the big projects and the ability for Chinese and overseas investors to participate.

Beyond infrastructure for the time being, in terms of global wealth management and investment banking capabilities, I don't see a major development coming from Chinese banks yet. It takes time to build this expertise and we are prepared to continue helping them via partnerships and cooperation.

What is the most unforgettable experience you have had in China?

The one I remember is walking through Tian'anmen Square for the first time. It is quite an impressive experience because I have seen it on TV many times. You don't realize how big it is and you feel a mix of the history and the future at the same time.

Another experience was last September when we were in Shenzhen. It is not because I saw something different. Being there and thinking 30 years ago it was only a small fishing village was difficult to comprehend. You can't help but imagine how it became what it is today.

CV

Name: Sergio Ermotti

Age: 57

Nationality: Switzerland

Education: Graduate of the Advanced Management Program at Oxford University

Career:

2014 onwards: CEO of UBS Group AG

2011-2016 Group CEO of UBS AG

2007-2010 Group Deputy Chief Executive Officer and Head of Corporate & Investment Banking and Private Banking at Uni-Credit Group

2005-2007 Head of Markets & Investment Banking at Uni-Credit Group

2001-2003: Co-head of Global Equity Markets at Merrill Lynch

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩一级片免费在线观看 | 在线久草视频 | 波多野结衣一区二区三区88 | 国内精品久久久久久野外 | 国产精品漂亮美女在线观看 | 99re热在线视频 | 亚洲一区不卡 | 久久精品在线视频 | 欧美黄色一级视屏 | 日韩中文字幕精品久久 | 欧美jizzhd精品欧美 | 久久久久久毛片免费观看 | 在线 | 一区二区三区 | 免费a级毛片无码 | 国产一区二区精品久久91 | 国产成年| 欧美亚洲国产成人综合在线 | 一级毛片免费在线观看网站 | 欧美一线高本道高清在线 | 国产视频a区 | 欧美日韩一区二区在线视频 | 亚洲 欧美 日韩在线 | 在线亚洲精品视频 | 免费国产成人高清在线观看视频 | 久久精品国产精品青草不卡 | 久久久久久久亚洲精品一区 | 在线观看日本www | 九九99靖品 | 国产不卡毛片 | 一级aaaaa毛片免费视频 | 日本高清色本免费现在观看 | 一级色网站 | 99久久精品国产一区二区成人 | 久久亚洲精品永久网站 | 免费黄色毛片视频 | 日本一区午夜爱爱 | 91热在线观看精品 | 青青青免费手机版视频在线观看 | 欧美一区不卡二区不卡三区 | 精品一久久香蕉国产线看播放 | 亚洲欧美日韩久久精品第一区 |