UBS Securities has completed the change of foreign capital sole proprietorship registration.

According to Tianyancha information, the market subject type of UBS Securities has changed from "Sino-foreign joint venture" to "foreign-owned sole proprietorship". This means that UBS has increased its equity stake in UBS Securities from 67% to 100%, achieving full control of UBS Securities. On March 28th, UBS Securities announced that the China Securities Regulatory Commission has approved the record of UBS becoming the sole shareholder of UBS Securities. UBS will acquire the 33% equity stake in UBS Securities held by Beijing State-owned Assets Management Co., Ltd.