日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Ping An, CFT launch venture
Adjust font size:

The world's second largest inter-dealer broker Compagnie Financiere Tradition (CFT) and Ping An Trust launched China's third largest money brokerage yesterday.

 

"The new joint venture over time will be a healthy contributor to the ongoing development of the domestic financial markets in China," CFT Chairman Patrick Combes said in a statement.

 

Ping An Trust, a subsidiary of China's second largest insurer Ping An, holds 67 percent of the new venture. CFT takes the rest. With registered capital of 50 million yuan, the company is based in Shenzhen and will start operation in six months.

 

The joint venture, Ping An Tradition International Money Broking Co Ltd, will provide all money broking services for the interbank lending, bond and foreign exchange derivative markets, both locally and overseas.

 

The deal is an important step for Ping An Group's financial business as it tries to become a leading group worldwide, said Hoi Tung, CEO and chairman of Ping An Trust.

 

With a presence in 24 countries, Switzerland-based CFT is the world's third largest interdealer broker and covers fixed-income securities and derivatives, interest rate derivatives, treasury products, equities and energy.

 

China approved inter-dealer brokers to operate in its foreign exchange and money markets in 2005. But as few local financial institutions are experienced in these areas, foreign players are encouraged to share expertise with local partners to develop sophisticated markets.

 

The China Banking Regulatory Commission stipulated a money-broking joint venture should have minimum registered capital of 20 million yuan. Only top international money brokers with 20 years' professional experience and a two-year presence in China are qualified to set up joint venture money brokerages in the nation.

 

Tullett Prebon, the world's second largest inter-dealer broker, set up China's first money broker in December 2005 with Shanghai International Trust and Investment Corp, a government-owned investment firm.

 

The world's biggest inter-dealer broker ICAP and an arm of the central bank launched China's second money brokerage last September.

 

(China Daily January 30, 2008)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Ping An doubles profit growth in 2007
- Ping An's additional share issue not feasible
- Ping An plans additional share issue
- Ping An plans joint venture with UOB
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 翁源县| 通化市| 革吉县| 桐柏县| 西乌珠穆沁旗| 兴国县| 吴川市| 靖远县| 那曲县| 固原市| 绍兴市| 长岛县| 洪泽县| 油尖旺区| 黄骅市| 时尚| 额尔古纳市| 陵川县| 云龙县| 象山县| 清远市| 平湖市| 当阳市| 吴旗县| 宝丰县| 东安县| 八宿县| 淳化县| 马山县| 泽库县| 乌拉特前旗| 无为县| 香河县| 台中市| 封开县| 常宁市| 饶阳县| 壤塘县| 大冶市| 嘉善县| 佛山市|