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Article: Economic Review: China's securities firms could have a huge impact on stock market
- Article from:
- Xinhua News Agency
- Article date:
- February 7, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Economic Review: China's securities firms could have a huge impact
on stock market
BEIJING, Feb. 7 (Xinhua) -- China's 43 major securities firms
theoretically can provide 778 billion yuan (97 billion U.S. dollars)
of funds for the country's stock market, the Securities Times
reported on Tuesday.
According to their annual reports, the net capital of those 43
securities firms by the end of 2005 totaled 42 billion yuan.
Through means of financing in agency business, their own stock
deals and pool asset management, the 43 securities firms are capable
of creating a scale of investment of 778 billion yuan, the newspaper
calculated.
Besides the securities investment fund, QFII (Qualified ...