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

20 April 2020 | 2 minutes read
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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