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Article: GUOSEN SECURITIES EXPECTED TO HAND OVER STAKES TO NSSF
- Article from:
- AsiaInfo Services
- Article date:
- November 11, 2009
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AsiaInfo Services
11-11-2009
Guosen Securities Expected to Hand over Stakes to NSSF
SHENZHEN, Nov 11, 2009 (SinoCast Daily Business Beat via COMTEX) -- Guosen Securities Co., Ltd. is expected to hand over part of its holdings in two companies in pursuit of listings on the nascent Growth Enterprise Board (GEB) to China's National Social Security Fund (NSSF), becoming the first securities broker in the country to get involved in the government-initiated state-owned share transfer program.
On November 10, two companies, in which Guosen Securities takes holdings through its direct investment arm, gained approval from the China Securities Regulatory Commission (CSRC), the country's top ...