China’s Huatai Seeks European Licenses as Deal Demand Grows

(Bloomberg) — Huatai Securities Co. Ltd. is joining rivals to secure licenses for stock deals and trading in Zurich and Frankfurt as Chinese firms seek to build a greater presence in European markets amid growing tension between Beijing and Washington.

China’s second-largest brokerage is seeking to add to its existing London Stock Exchange trading membership to build up its business in global depository receipts and help Chinese firms raise capital across Europe, according to Levin Wang, the chief executive officer of Huatai Financial Holdings (HK) Ltd.