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UBS Secures Key Regulatory Win in China

Summary by finews.asia
Swiss bank UBS is strengthening its presence in China after receiving regulatory approval to fully acquire a local securities firm. UBS will acquire an additional 33 percent stake in UBS Securities from Beijing State-owned Assets Management Co. (BSAM), thereby taking full control of UBS Securities in China, the bank announced on Friday, having received the corresponding approval from the China Securities Regulatory Commission. UBS Securities was…
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finews.asia broke the news in on Monday, March 31, 2025.
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