UBS Securities’s Priorities for Asia in 2020

The transcript discusses the financial sector in China, highlighting investment opportunities and strategic priorities for 2020. It covers key revenue drivers, challenges in bond markets, and the IPO pipeline. The focus is on establishing a strong local presence in China, leveraging global business, and addressing talent acquisition and competition in the financial services industry.

What are the strategic priorities for Western firms in China for 2020?

• Real estate and construction

• Technology and innovation

• Investment banking, wealth management, and asset management

• Retail banking and insurance

Which sector is expected to drive revenue growth in China?

• Agriculture

• Tourism

• Automobile manufacturing

• Domestic consumption

What is the anticipated impact of Chinese bonds on global bond indices?

• Increase in bond defaults

• Significant inflow of foreign capital

• No impact

• Decrease in global bond index value

What is the focus of the IPO pipeline in China?

• Retail and consumer goods

• Hospitality and tourism

• Automotive industry

• Biopharmaceutical and high-tech sectors

Why are more Chinese companies opting for domestic IPOs?

• Higher costs overseas

• China's capital formation phase

• Lack of international interest

• Regulatory challenges abroad

What is a key challenge in the financial services sector in China?

• Limited market access

• High taxation

• Talent acquisition and retention

• Lack of technology

How do international firms like UBS plan to compete in the Chinese market?

• By leveraging institutional business and wealth management

• By reducing operational costs

• By expanding into real estate

• By focusing on retail banking