Coull is hot on China investment banking JV

The first Sino-foreign joint venture to take advantage of the new WTO rules opening up the domestic investment banking industry was formally established last week. At a ceremony in Beijing attended by French prime minister Jean-Pierre Raffarin and Chinese premier Wen Jiabao, China Euro Securities was created. The joint venture brings together Xiangcai Securities and CLSA, which has taken up the maximum permissable stake of 33%.