CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Chinese Government Continues Shake-Up Of Brokerage Sector

Chinese Government Continues Shake-Up Of Brokerage Sector

by Mary Swire, for LawAndTax-News.com, Hong Kong

06 December 2004


According to reports in the regional media last week, the Chinese government has selected an additional five 'favoured' brokerages, which will be granted fast track approval for any new business avenues approved by the mainland regulators.

The Hong Kong Standard reported on Friday that GF Securities, Shanghai Orient Securities, Guosen Securities, Merchants Securities and Changjiang Securities have been recognised by the Beijing authorities as some of the best managed in the somewhat overcrowded brokerage sector.

The newspaper went on to reveal that among the new opportunities likely to be provided to the favoured brokerages ahead of their counterparts are the offering of fixed-income services, and the ability to provide individual asset management services.

The government is keen to strengthen its financial sector and boost the Chinese stock markets, and in addition to raising the bar for domestic brokers, has recently allowed the entry of foreign firms such as Credit Lyonnais Securities Asia and BNP Paribas into the market.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »