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Morgan Stanley, UBS said to be in talks to boost China JV stakes

UBS has been in talks with multiple shareholders since last year about buying their stakes through the exercise of call options held by the Zurich-based bank, sources say.

Hong Kong

MORGAN Stanley and UBS Group AG are in talks with local partners to boost holdings in their China securities businesses, a sign of growing confidence in those operations, according to people familiar with the matter.

The banks are engaged in separate discussions on...