Nov 14 2018, 6:15 AMNov 15 2018, 8:12 AMNovember 14 2018, 6:15 AMNovember 15 2018, 8:12 AM
UBS is looking to establish a majority stake in its offshore securities joint venture . Once regulatory approval is secured it will likely boost capital at UBS Securities to a minimum of CNY2bn ( $ 287 m ) . The intent is to grow in more investment - heavy business like margin financing and also be allowed to get in on market - making in over - the - counter equity derivatives . UBS has made strides developing an onshore securities business capable of delivering complete services and was also ahead of others in seeking to increase its JV stake to 50 % . Its push here will decrease its dependence on China ’s offshore equities market .