China approves foreign majority ownership in securities JV

30 April 2018 | 5 minutes read

China’s securities regulator said on Saturday that it will now allow foreign investors to take majority stakes in joint-venture (JV) securities companies, according to an announcement posted on the China Securities Regulatory Commission’s website at the start of the Chinese May Day holiday weekend. Foreign shareholders may not yet operate independently in the Chinese domestic securities market, according to the…

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