"UBS Considers Credit Suisse China Stake Swap with Beijing Government"

UBS is in talks to acquire full ownership of its China platform by exchanging its stake in Credit Suisse's onshore securities venture with a Beijing government investment fund, potentially buying out the 33% stake held by Beijing State-Owned Assets Management Co. in their joint venture UBS Securities Co. in exchange for selling part or all of its 51% stake in Credit Suisse Securities (China) to the Beijing government fund.