deutsche-and-credit-suisse-receive-china-market-approvals

Deutsche and Credit Suisse receive China market approvals

Deutsche Bank is to set up a securities joint venture with Shanxi Securities, while Credit Suisse and Founder Securities will form a JV to underwrite Chinese stocks and bonds.
January 06, 2009
Deutsche Bank announced yesterday that it has received regulatory approval to set up a securities joint venture with Shanxi Securities, making it the latest international bank to gain access to ChinaÆs equity and bond markets. The approval comes one week after a joint venture between Credit Suisse and Founder Securities received a business permit that will enable it to start offering investment banking services in the domestic Chinese market. The moves suggest that Beijing may becoming more open to allowing international practices to influence its domestic markets.

The JV between Deutsche Bank and Shanxi Securities, which is named Zhong De Securities Company, will not be able to start operations just yet since it is also...
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