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.
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 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Signs are growing that China is trying to contain the damage from harsh new gaming regulations that triggered an $80 billion rout in Tencent Holdings Ltd. and its peers. Feng Shixin lost his job as head of the publishing unit of the Publicity Department, which runs the country’s gaming regulator,…