Standard Chartered applies to set up securities firm in China

By on Comments Off on Standard Chartered applies to set up securities firm in China

Standard Chartered applies to set up securities firm in China



9312 984050 - Standard Chartered applies to set up securities firm in China9312 - Standard Chartered applies to set up securities firm in China

A Standard Chartered branch in Hong Kong. The bank applied to establish a securities company in China, the China Securities Regulatory Commission said.
Image Credit: Bloomberg
Beijing:  Standard Chartered Plc applied to establish a securities company in China, the China Securities Regulatory Commission said.

The CSRC received the application on Saturday, it said on its website, without providing details.

China’s 7.26 trillion yuan ($1.1 trillion) securities industry is opening up further to foreign investment banks such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., which are allowed to take full control of ventures in the country this year. That’s likely to provide a jolt to the sector, forcing consolidations and winnowing out those that can’t compete.


Original news source Credit: gulfnews.com

f8617cc91c001b8c0dad7130a58165d2?s=35&r=g - Standard Chartered applies to set up securities firm in China

Standard Chartered applies to set up securities firm in China added by on
View all posts by News89 Team →

You must be logged in to post a comment Login