自贸区首家合资券商成立 - 2016年06月16日

A joint-venture securities brokerage, held by Hong Kong and domestic investors, has been approved to be set up in Shanghai's pilot free trade zone as the country continues to open up the securities industry.

With a registered capital of 3.5 billion yuan (US$540 million), Shengang Securities Co will be engaged in offering brokerage services, securities underwriting, proprietary trading and asset management, according to a document released by the China Securities Regulatory Commission.

The joint venture, which will have six months to register with the regulatory authorities before starting operation, will provide services to both individual and institutional clients.