BEA to set up fully licensed China securities JV

Like HSBC before it, Bank of East Asia is teaming up with Shenzhen Qianhai Financial Holdings.

BEA to set up fully licensed China securities JV

Bank of East Asia is joining forces with Shenzhen Qianhai Financial Holdings to set up a fully-licensed securities company in China, mirroring last month's move by HSBC with the same partner.

BEA and Qianhai Financial Holdings, the financial arm of the local government, said on Monday that they have entered into an agreement to establish a joint venture in the Qianhai economic zone of Shenzhen in China’s southern Guangdong province.

It...

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