China Renaissance has won regulatory approval to set up a joint venture securities company in Shanghai to develop its presence on onshore capital markets, having already firmly established its offshore credentials.
Fully licenced Huajing Securities will offer a range of services including stockbroking, IPO underwriting, proprietary trading, and wealth management, the Beijing-headquartered boutique bank said on Monday.
The aim is to provide a one-stop shop of fundraising options for Chinese companies that spans both onshore and offshore markets, including those seeking to switch between the two.
“Huajing Securities will help more Chinese companies under the new economy to return to the A-share market,” China...
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