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UBS GETS REGULATORY APPROVAL TO FULLY OWN CHINA SECURITIES JOINT VENTURE

  • NEWS Desk Global
  • Mar 28
  • 1 min read


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UBS has received regulatory approval to fully own Beijing-headquartered UBS Securities, the Swiss bank said on Friday, completing a key step in its consolidation of business operations in China after its merger with Credit Suisse.

With approval from the China Securities Regulatory Commission, UBS will acquire an additional 33% stake in the brokerage from Beijing State-owned Assets Management and raise its stake to 100%.

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