UBS is set to acquire full ownership of UBS Securities in China, increasing its stake from 67% to 100%. The joint venture partner, Beijing State-owned Assets Management (BSAM), is looking to auction off its 33% stake, facilitating UBS's takeover.

This development follows UBS's strategic reorganization in China after its acquisition of Credit Suisse. In a reciprocal arrangement, UBS plans to sell its 51% stake in CS Securities to a Chinese state-owned entity in exchange for BSAM's stake in UBS Securities. As part of its restructuring, UBS has also reduced its involvement in the securitization activities of Credit Suisse in China, having sold approximately 36% of CS Securities to BSAM. Currently, UBS retains a 15% stake in this joint venture, which was originally established in 2008 by Credit Suisse and Founder Securities.