Derivatives Market

David Li, chairman of UBS China, says the expansion of the mainland bond market will create demand for currency swaps and collateralised loan obligations. Photo: David Wong

UBS China pins hopes on China bond market, derivatives

UBS Securities, a joint venture managed by the Swiss banking group, reported last month its net earnings shrank by more than 90 per cent to 11.3 million yuan (HK$14.3 million) over the four-year period to last year.