www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Securities JVs get nod to expand business

Updated: 2012-08-25 09:48
By Chen Jia ( China Daily)

China's top securities regulator has enlarged the shareholding ratio for foreign capital in joint venture securities companies and is encouraging them to expand the scope of their business, amid the further opening of the nation's financial system and capital market.

The China Securities Regulatory Commission announced on Friday that foreign shareholders can have a total stake of as much as 49 percent in a joint venture securities company, up from the previous limit of one-third.

In a joint venture, at least one Chinese shareholder should own more than 49 percent of the total shares, according to the CSRC.

"The new policy is to fulfill the Chinese government's pledge at the fourth China-US Strategic and Economic Dialogue in June and to promote the opening of the securities industry," an official from the commission said at a news briefing.

The regulation also lowered the standards for Sino-foreign securities joint ventures to expand their business scope. Joint ventures can apply for new services after two years' operation, compared with five years in the past, the CSRC said.

Their scope can be expanded into brokerage services and financial consultancy, alongside the investment banking business.

"Shareholders from Hong Kong, Macao and Taiwan should follow the same regulation, and we are promoting the business opening for those three regions," the official added.

According to analysts, the new policy is expected to give a shot in the arm to China's securities joint venture business, while also increasing brokers' competitiveness.

The business performance of 11 Sino-foreign securities joint ventures was lackluster this year, influenced by the gloomy stock market and economic slowdown.

The Shanghai Composite Index that tracks the biggest companies' shares in the mainland declined 1 percent to 2092.10 at the close on Friday, its lowest level since March 3, 2009.

The continual drop of the index reflected investors' lack of confidence in the economic outlook based on the situation in the first half of the year, said Jing Ulrich, managing director and chairwoman of Global Markets, China at JPMorgan Chase.

In the first six months of this year, only three of the 11 securities joint ventures gained a total of five IPO underwriting projects, raising 4.96 billion yuan ($781 million), according to data from Wind Information Co Ltd. In the A-share market, 33 securities companies raised 73.4 billion yuan by underwriting 108 IPOs in the first half.

"Compared with local Chinese securities companies, the joint ventures enjoy very limited strengths in the investment banking business," said Wang Xianyi, a researcher on China with Samsung Economic Research Institute, a South Korean think tank.

The expanded shareholding ratio for foreign capital and the companies' enlarged business scope may improve their performance in the Chinese market, Wang said.

chenjia1@chinadaily.com.cn

 
8.03K
 
...
...
...
主站蜘蛛池模板: 在线中文字幕日韩 | 日本视频三区 | 很黄的网站在线观看 | 99久久精彩视频 | 国产黄色自拍视频 | 日韩精品久久久免费观看夜色 | 波多野结衣在线观看高清免费资源 | 高清一区二区三区四区五区 | 国产特黄一级一片免费 | 国产女王s调视频vk 国产女王vk | 国产乱子伦真实china | 可以免费看黄色的网站 | 中文字幕天堂久久精品 | 国产黄色片一级 | 久久99欧美 | 玖玖玖精品视频免费播放 | 亚洲一级毛片免费看 | 永久精品免费影院在线观看网站 | 久久免费精彩视频 | 在线欧美自拍 | 毛片中文字幕 | 日韩在线一区二区 | 一级成人a毛片免费播放 | 亚洲一区二区三区精品国产 | 日韩欧美在线一区二区三区 | 久久不色 | 91精品国产乱码久久久久久 | 久久成年人 | 国产大尺度福利视频在线观看 | 欧美午夜性春猛交 | 国产成人精品午夜 | 免费在线观看毛片 | 亚洲国产精品aaa一区 | 亚洲欧洲日韩在线 | 欧美一级日韩一级 | 国产呦精品一区二区三区网站 | 在线网站黄色 | 亚洲jjzzjjzz在线播放 | 久久精品国产一区二区三区 | 99久久九九 | aaa一级毛片 |