Caixin
Dec 31, 2018 04:37 PM
FINANCE

Watchdog Begins Review of Three Joint-Venture Brokerages

People walk into the China Securities Regulatory Commission building in Beijing on Nov. 11. Photo: VCG
People walk into the China Securities Regulatory Commission building in Beijing on Nov. 11. Photo: VCG

China’s securities watchdog has begun reviewing the applications of three joint-venture brokerages with overseas shareholders, as it makes good on pledges to allow greater market access to non-mainland firms.

The China Securities Regulatory Commission (CSRC) updated the application status of Fangyuan Securities Co. Ltd., Hanhua Securities Co. Ltd., and Huasheng International Securities Co. Ltd. in a Dec. 29 filing. The update means the three firms’ application process has been completed and they will be reviewed and decided upon in the next six months.

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