Foreign firm execs keen on China’s AI boom
2025-03-07 20:06 China Daily
HU: China is a key market for UBS.Over the last 35 years, we've built one of the most established multi-entity platforms among foreign peers here in the Chinese mainland. We are well positioned to take advantage of the opportunities that emerge from China's opening-up of the financial sector, wealth creation, the focus on sustainability and new quality productive forces. We will continue to invest strategically, including increasing our stake in UBS Securities — the first foreign-invested fully licensed securities firm in China — to 100 percent. In addition, we are enhancing our partnership with the Industrial and Commercial Bank of China to explore strategic collaborations across asset management, wealth management, investment and corporate banking in the mainland and overseas markets.
RATHNINDE: The future strategy of China's high-quality development through new quality productive forces and sustainability closely aligns with Johnson Controls' goal of creating smart, healthy, and sustainable buildings and cities for the future. We are committed to achieving sustainable development through clean heating and cooling products and technological solutions. We see immense opportunities in sectors such as sustainable infrastructure, energy efficiency and smart urban development. We are optimistic about continued growth and opportunities in the future. We will focus on green innovation and enhancing R&D and manufacturing capabilities. Together with our local partners, we will promote the green and high-quality transformation of smart buildings and cities, develop new quality productive forces and work toward cutting both costs and carbon.