UBS is in advanced talks to sell Credit Suisse’s China securities unit to a Beijing state-backed fund, in a blow to Ken Griffin’s Citadel Securities which had also bid for the company as it seeks to expand in China.
The Swiss bank is in discussions with Beijing State-Owned Assets Management, its mainland securities joint venture partner, according to two people with knowledge of the matter.
UBS would keep a minority stake in Credit Suisse Securities (China), which includes investment banking and brokerage services in mainland China, one of the people said.
您已阅读26%（561字），剩余74%（1599字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。