HSBC gets green light for onshore China JV

HSBC has received approval from China Securities Regulatory Commission to set up a majority-owned joint venture securities company — HSBC Qianhai Securities — in the Mainland. The regulatory clearance comes about a year-and-a-half after the UK lender announced the JV.

  • By Shruti Chaturvedi
  • 30 Jun 2017

HSBC has a 51% share in the business, which is in partnership with securities firm Qianhai Financial Holdings, formerly Shenzhen Qianhai Financial Holdings, it said in a press release on Friday.

The JV will operate out of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of ...

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