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Beijing State-owned Assets Management
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Beijing State-owned Assets Management
Beijing State-Owned Assets Management Co., Ltd. (BSAM) is a Chinese sovereign wealth fund based in Beijing. It was owned by Beijing Municipal People's Government. As of 2024, BSAM had CN¥185.2 billion in assets under management.
BSAM acquired an 85.01% stake in Credit Suisse Securities (China) in June 2024 for a total of $215.4 million. The stakes were purchased from UBS and Founder Securities, with UBS keeping a 14.99% stake in the company.
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Beijing State-owned Assets Management
Beijing State-Owned Assets Management Co., Ltd. (BSAM) is a Chinese sovereign wealth fund based in Beijing. It was owned by Beijing Municipal People's Government. As of 2024, BSAM had CN¥185.2 billion in assets under management.
BSAM acquired an 85.01% stake in Credit Suisse Securities (China) in June 2024 for a total of $215.4 million. The stakes were purchased from UBS and Founder Securities, with UBS keeping a 14.99% stake in the company.