After a long hiatus, securities JVs are back

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August 2008


The long wait finally ended on June 14. Following an unofficial embargo dating back to the end of 2005, foreign banks had finally made their way back into China’s capital markets. e

The embargo was lifted at the end of 2007, prompting a flood of speculation about potential Sino-foreign securities joint ventures. But the first applications spent six months being digested by China’s regulatory machine before Credit Suisse announced it had received approval to take a 33% stake ...

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