Standard Chartered granted in-principle China securities firm licence

The bank is the first to set up a 100% foreign-owned securities firm via greenfield investment in the Mainland, since the market scrapped foreign ownership limits.
Beijing cityscape
Beijing cityscape

The China Securities Regulatory Commission (CSRC) has granted Standard Chartered (SC) in-principle approval to set up a securities firm in Mainland China, following the country’s lift of ownership restrictions for foreign financial institutions in 2020.

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