Our China JV will be competitive, says Credit Suisse

Credit Suisse's Zhang Liping says the firm's recently approved JV with Founder Securities already has a pipeline of mandates in hand, but predicts a challenging year for all players in the domestic Chinese market.

Just before the end of 2008, the securities joint venture set up by Credit Suisse and Founder Securities received a long-awaited and coveted business permit that will enable it to start offering investment banking services in the domestic Chinese market. Credit Suisse Founder Securities, which is one-third owned by Credit Suisse and two-thirds by its Chinese partner, is the first Sino-foreign entity to secure all the necessary approvals to underwrite domestic Chinese equity and bond offerings since a moratorium on...

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