CLSA to set up China investment banking JV

CLSA has moved fast to snap up a Chinese Securities House in the hope of benefitting from rising Chinese stock market activity as China gears up for WTO.

CLSA announced this week that it has applied to the CSRC China Securities Regulatory Commission to establish a joint venture securites company with China's Xiangcai Securities. The new company will be known as China Euro Capital and represents the first time a European investment bank has joined forces with a Chinese firm to offer a full range of banking services on the Mainland, including public offerings, underwriting and advisory work.

Our proposed joint venture with Xiangcai is...

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