On the 24th December, UBS increased its shareholdings in the securities joint venture UBS Securities and with that is now the first foreign bank to have majority control of a Chinese security joint venture.
The Swiss bank controls 51 percent of UBS Securities; other shareholders are Beijing Guoxiang Property Management Co (33 percent), Guangdong Provincial Communication Group Co (14.01 percent) and China Guodian Capital Holdings (1.99 percent).
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