trending Market Intelligence /marketintelligence/en/news-insights/trending/YfVQbe0VTlCmLTb17YbqHg2 content esgSubNav
In This List

East Asia Qianhai Securities granted securities, futures biz license

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


East Asia Qianhai Securities granted securities, futures biz license

Bank of East Asia Ltd. said that its joint venture unit East Asia Qianhai Securities Co. Ltd. received a securities and futures business license from China's securities regulator.

The China Securities Regulatory Commission approved the establishment of East Asia Qianhai Securities in June. The company was incorporated in Qianhai, Shenzhen with an issued capital of 1.5 billion yuan.

East Asia Qianhai Securities is a joint venture between Bank of East Asia, which holds a 49% stake, Shenzhen Qianhai Financial Holdings and two local corporate shareholders.

As of Dec. 7, US$1 was equivalent to 6.62 Chinese yuan.