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Haitong International unit gets asset management license in Singapore

The Monetary Authority of Singapore granted Haitong International Securities Group Ltd. unit Haitong International Securities Group (Singapore) Pte. Ltd. a capital market service license to carry out asset management business in the city-state.

Through the license, Haitong International Securities Group (Singapore) aims to offer more products and provide more diversified and international offerings to qualified and institutional investors, according to an Aug. 6 release.