BSAM plans to sell a 33% stake in UBS Securities for 1.5 billion yuan ($207.10 million), as reported by the China Beijing Equity Exchange.

This sale will result in a change in the ownership structure of UBS Securities, which became the first foreign majority-owned securities firm in China in 2018. Currently, UBS holds a 67% stake in UBS Securities, and the sale will reduce BSAM's involvement in the joint venture.

This transaction reflects the ongoing developments in China's financial sector, particularly in relation to foreign investment and ownership regulations.