Credit Suisse's securities joint venture in China has won approval to provide brokerage services, becoming only the third firm able to help international investors invest widely in mainland China.
The Swiss bank, which disclosed the news on Thursday, said it would now ramp up operations at Credit Suisse Founder Securities Limited, or CSFS, as a result of the breakthrough. There are currently about 100 people working at the joint venture.
“We’re in growth mode,” Nicole Yuen, vice chairman for Greater China and head of Greater China equities at Credit Suisse, told FinanceAsia in an interview.
Credit Suisse said in October...