UBS Securities was in plans to offer onshore total return swaps referencing Chinese A-shares, and separately offer equity-linked structured products via a special purpose vehicle structure, such as a trust or a mutual fund, on the back of a relaxation of propriety trading rules. [The firm has continued to expand its structured product business in China over the last year, with one notable deal being a USD30 million at-the-money up-and-out structured product that references the Shanghai Stock Exchange 50 Index. The deal was bought by a high-net worth individual, via an onshore trust structure.]