Guotai Junan Securities injects capital into futures unit
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Guotai Junan Securities Co. Ltd. plans to inject 800 million yuan into wholly owned Guotai Junan Futures Co. Ltd.
The move aims to boost the execution of the brokerage's strategic plans and service capabilities as well as to promote further development of its futures business, according to a May 30 release.
As of May 30, US$1 was equivalent to 6.90 Chinese yuan.