UBS China Limited (" UBS China ") is a wholly-owned subsidiary of UBS Bank Limited (" UBS Group, UBS AG "). Founded in 2004 as the Beijing branch of UBS Bank Limited, UBS China was approved by the former China Banking Regulatory Commission in March 2012 to become a wholly foreign-owned legal entity bank. It was officially opened in July 2012. Ubs China registered capital of 2 billion RMB, headquartered in Beijing. Ubs China focuses on its wealth management business, complemented by foreign exchange, interest rates and credit facilities for its clients.