Standard Chartered applies to set up securities firm in China

Standard Chartered applies to set up securities firm in China

Create your Web Presence with Namecheap5618 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.

20200221101654 Standard Chartered applies to set up securities firm in Chinaaff i?offer id=2792&file id=192733&aff id=6414 Standard Chartered applies to set up securities firm in China
Original news source Credit: gulfnews.com



You must be logged in to post a comment Login