Foreign banks jostle for a better position in China

Removal of restrictions sees leading foreign securities and asset managers re-evaluate China's financial market in search of profit. Tactics will determine if years of misfortune and lacklustre results will be reversed.

April 29, 2018 is an important day in the history of Chinese capital markets. Following the publication of new rules, foreign institutions can now take up controlling stakes in Chinese securities firms and in asset management and wealth management businesses too.

In response, some international players are already out of the blocks.

Three have announced their intention to set up majority-owned security joint ventures JV in mainland China, while one, UBS, said on May 3 that it wants to increase the near-25% share it already holds in its existing mainland JV to the maximum 51% at the earliest opportunity.

JP Morgan and...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222