On January 19, the China Securities Regulatory Commission approved the application for the establishment of Standard Chartered Securities, and China’s financial industry accelerated its opening up to the outside world. Standard Chartered Securities is the first newly established wholly foreign-owned securities company, 100% controlled by Standard Chartered Bank. According to the content of the CSRC’s reply, Standard Chartered Securities Co., Ltd. is registered in Beijing, with a registered capital of RMB 1.05 billion, and its business scope covers securities brokerage, self-operated securities, securities underwriting, and securities asset management (limited to asset securitization business). | Related Reading (Brokers China)
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