Standard Chartered on Friday said it had been granted approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm.
A logo of Standard Chartered is displayed at its main branch in Hong Kong, China, Aug. 1, 2017. REUTERS/Bobby Yipon Friday said it had been granted approval by the China Securities Regulatory Commission to set up a mainland securities firm.
The bank said the firm would have an initial capital injection of 1.05 billion yuan and would cover underwriting, asset management that was restricted to asset-backed securities only, own-account trading and brokerage activities. In a statement, StanChart said the deal was the first time the CSRC had granted in-principle approval for the establishment of a securities firm wholly owned by a foreign shareholder through a greenfield investment in its onshore market since ownership restrictions were eased in 2020.
John Tan has been appointed chairman-designate of the firm and Grace Geng CEO-designate, according to the statement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Format for NASCAR Busch Light Clash is Too ComplicatedGet ready for heat races, different rules for non-chartered and chartered cars, last chance qualifiers.
Les mer »
China’s False Denial of Violating International Law in South China SeaWith its coast guard’s activities “more robust than ever,” Beijing falsely claims its designs in the South China Sea remain above board.
Les mer »
China, Japan discuss concerns over disputed East China Sea islandsChinese Foreign Minister Qin Gang and his Japanese counterpart Yoshimasa Hayashi discussed disputed islands in the East China Sea on Thursday, with both expressing concerns and Qin hoping Japan could stop 'right-wing' provocations.
Les mer »
Gold Price Forecast: XAU/USD at risk of a pullback over the next few weeks – Standard CharteredWhat is the outlook for Gold after the sharp moves in recent months? Economists at Standard Chartered see risks of a pullback. Gold rally appears stre
Les mer »
For breast cancer patients, Penn researchers are comparing costly proton therapy with standard radiationPenn researchers are running a trial comparing costly proton therapy with standard radiation. At stake is the health of millions of breast cancer patients and, potentially, billions in health-care costs.
Les mer »
Mercedes-Benz EQS, EQE, And EQS SUV To Get Standard Heat Pump, More RangeThe Mercedes-Benz EQS sedan, EQE sedan, and EQS SUV EV are set to receive some improvements that should result in longer driving ranges, at least for the dual-motor variants.
Les mer »