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UBS Weighs Credit Suisse China Stake Swap With Beijing Government

UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter.

UBS weighs Credit Suisse China stake swap with Beijing government

The Zurich-based lender is proposing to buy the 33% stake held by Beijing State-Owned Assets Management Co. in their joint venture UBS Securities Co., the people said, asking not to be identified discussing a private matter.

China Sacks Top Official After Game Rules Backlash, Reuters Says

China Sacks Top Official After Game Rules Backlash, Reuters Says
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