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Chinese securities JV rule changes to benefit foreigners
May 15, 2012
From Anita Davis
International banks are now allowed to hold 49% stakes in their mainland securities joint-ventures, giving them greater control in their hunt for market share in China, say legal and market experts.
The decision of the China Securities Regulatory Commission to raise the cap that a foreign entity can hold in its onshore securities joint venture (JV) from 33% to 49% will incentivise new foreign entrants into China’s securities market and give...
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