Standard Chartered granted in-principle China securities firm licence

The bank is the first to set up a 100% foreign-owned securities firm via greenfield investment in the Mainland, since the market scrapped foreign ownership limits.
Beijing cityscape
Beijing cityscape
February 07, 2023

The China Securities Regulatory Commission (CSRC) has granted Standard Chartered (SC) in-principle approval to set up a securities firm in Mainland China, following the country’s lift of ownership restrictions for foreign financial institutions in 2020.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Standard Chartered to cut 15% of back-office roles by 2030

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.
May 19, 2026