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Whats new Singaporean banking giant DBS Bank Ltd. has won regulatory approval to set up a majority-owned securities joint venture on the Chinese mainland, one of the latest foreign companies to benefit from Chinas financial opening-up. We provide a large number of solutions for customers in more than 160 countries/regions around the world, and are committed to creating the most suitable solutions for customers. We welcome your inquiry 7/24 hours.
Get PriceThe bank will own 51 of the new venture, with the remaining stakes controlled by four Shanghai companies, according to a statement link in Chinese by the China Securities Regulatory Commission CSRC.
Get QuoteWhats the background DBS has become the eighth foreign company to take majority ownership of a securities venture on the mainland.
Get QuoteIt currently owns major mining concessions and coal mines in Indonesia with JORC Coal Reserves of over 90 million tonnes. In 1H17, the group recorded a net profit from continuing operations of US24.6 million, up from US1.4 million a year ago, while revenue in 2Q17 jumped 176 to US58.9 million.
Get QuoteIn addition, UBS Group AG, Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG have all increased their stakes in existing mainland securities joint ventures to 51.
Get QuoteSep 02, 2020nbsp018332Whats new Singaporean banking giant DBS Bank Ltd. has won regulatory approval to set up a majority-owned securities joint venture on the Chinese mainland, one of the latest foreign companies to benefit from Chinas financial opening-up. The bank will own 51 of the new venture, with the remaining stakes controlled by four Shanghai companies, according to a statement link in.
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Get QuoteOct 19, 2020nbsp018332The government has already made claims such as commercial coal mining will end the 70 years of policy hurdles in the sector, taking India one step closer to the goal of a Self-reliant India.
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