UBS is planning to acquire full ownership of UBS Securities, its securities joint venture in China, by increasing its stake from 67% to 100%. This decision comes as Beijing State-owned Assets Management (BSAM) intends to auction its 33% stake in the venture.

UBS's move follows its strategic reorganization in China after acquiring Credit Suisse. Additionally, UBS plans to exchange its 51% stake in CS Securities for the BSAM stake in UBS Securities. The bank has already divested approximately 36% of its stake in CS Securities, reducing its ownership to around 15%. The involvement of UBS in CS Securities has changed due to regulatory restrictions on foreign banks holding multiple licenses for similar activities in China.