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Article: BNP PARIBAS TO ESTABLISH SECURITIES JOINT VENTURE IN CHINA.
- Article from:
- AsiaPulse News
- Article date:
- March 8, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, March 8 Asia Pulse - French banking group BNP Paribas and Chinese securities firm Changjiang Securities will set up a Sino-foreign securities joint venture in China.
According to an agreement, the joint venture securities company will provide financial services under Chinese laws and regulations, covering the distribution, offering and underwriting of stocks in the primary market, financial advice and services for mergers and acquisitions.
The company will be designed to serve Chinese companies and overseas companies with businesses in China, BNP Paribas said.
As a wholly owned subsidiary under BNP Paribas and its investment banking ...