Swiss bank UBS increases stake in China securities joint venture to 67%

Swiss bank UBS increases stake in China securities joint venture to 67%

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS Group AG has increased its stake in a Chinese securities joint venture to 67% from 51%, the Swiss bank said on Friday, as it seeks to bolster its presence in the world’s second-largest economy.