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Credit Suisse’s China strategy gets boost as CSRC okays securities JV majority ownership

Helman Sitohang

Credit Suisse has become the latest bank to get the green light from Chinese regulators to take a majority shareholding in its onshore securities joint venture, Credit Suisse Founder Securities Limited. The Swiss bank will increase its holding from 33.3% to 51% following approval from the China Securities Regulatory Commission — a development the bank described as a “major milestone”…

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