Trillion-level public offering institutions' equity changes, Swiss Bank approved as a shareholder of ICBC Credit Suisse

ICBC Credit Suisse Asset Management announces changes in company equity.

On June 12, ICBC Credit Suisse Asset Management announced that, according to the China Securities Regulatory Commission's approval on the change of shareholders holding more than 5% of shares in ICBC Credit Suisse Asset Management Co., Ltd. (Zheng Jian Xu Ke [2025] No. 228), UBS AG has become a shareholder holding more than 5% of ICBC Credit Suisse Asset Management, accounting for 20% of the company's registered capital.

After this equity change, the company's registered capital remains unchanged. Industrial and Commercial Bank of China (ICBC) continues to be the controlling shareholder of the company, holding 80% of the company's shares.

The business registration procedures for this equity change have been completed. ICBC Credit Suisse Asset Management stated that it will continuously improve the corporate governance structure and protect the legitimate rights and interests of fund shareholders.

Additionally, interestingly, the Chinese name and abbreviation of ICBC Credit Suisse Asset Management remain unchanged. However, the English name will be adjusted following the change of shareholders.

Starting from June 13, 2025, the company's English name will change from "ICBC Credit Suisse Asset Management Co., Ltd." to "ICBC UBS Asset Management Co., Ltd.", and the company's English abbreviation will change from "ICBCCS" to "ICBCUBS".

From June 13, 2025, the company's official website domain will change from www.icbccs.com.cn to www.icbcubs.com.cn, and the original website domain will remain accessible until December 31, 2025. The company's email domain will change from @icbccs.com.cn to @icbcubs.com.cn, and the original email domain can continue to be used until December 31, 2025.

As of the end of the first quarter of 2025, the total public offering scale of ICBC Credit Suisse Asset Management exceeded 780 billion yuan, with non-monetary scale reaching 405 billion yuan.

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