UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports
![UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports](https://devdiscourse.blob.core.windows.net/imagegallery/03_03_2020_19_06_09_904154.jpg)
UBS Group 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, Bloomberg News reported on Monday.
The Zurich-based lender is proposing to buy the remaining 33% stake in UBS Securities from Beijing state-owned Assets Management, and in return, sell up to its entire 51% position in Credit Suisse Securities (China) as part of the transaction, the report said, citing people familiar with the matter.
UBS did not immediately respond to Reuters' request for a comment.
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