Do­mes­tic se­cu­ri­ties joint ven­ture launched

China Daily (USA) - - BUSINESS -

China Re­nais­sance launched a do­mes­tic se­cu­ri­ties joint ven­ture on Tues­day to tap the grow­ing ad­vi­sory and stock broking busi­nesses, but the bou­tique in­vest­ment bank is also tar­get­ing a big US ex­pan­sion to cap­ture deals be­tween the world’s two big­gest economies. Bei­jing-based China Re­nais­sance’s growth plans come even as global and re­gional fi­nan­cial firms such as Gold­man Sachs, Stan­dard Char­tered and Bank of Amer­ica cut back in the Asia-Pa­cific due to a sharp de­cline in deal ac­tiv­ity in the re­gion.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.