News Formal

DBS gets nod to set up joint venture securities company in China

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SINGAPORE (THE BUSINESS TIMES) - DBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent.. Read more at straitstimes.com.

SINGAPORE - DBS Group has received the green light from the China Securities Regulatory Commission to establish a joint venture securities company known as DBS Securities , in which DBS will have a controlling stake of 51 per cent.

Businesses that DBS Securities will engage in include brokerage, securities investment consulting, securities underwriting and sponsorship, as well as proprietary trading. DBS chief executive officer Piyush Gupta said that the group has been"supporting China's financial development in the past 30 years".

Neil Ge, China head of DBS Group, said the new JV will further support the bank's long-term sustainable development in China and provide more comprehensive financial services to Chinese customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DBS gets regulatory nod to set up JV securities company in ChinaDBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »