Macquarie signs JV agreement with Chinese securities firm

The agreement with Hengtai Securities will enable Macquarie to underwrite domestic debt and equity issues in China and comes after it entered separate deals to establish joint trust and asset management companies.

Macquarie Group has made a significant push to broaden its presence in China over the past week, showing that the Australian bank intends to capture part of the business as China continues to open its domestic markets to foreign banks.

On Thursday last week, Macquarie announced that it has set up a trust company joint venture in China together with Beijing Sanjili Energy Company and Beijing Rongda Investment, that will allow it to offer...

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