Credit Suisse has said that its investment banking joint venture in China has received regulatory approval to begin providing securities brokerage services in the Shenzhen Qianhai development zone. The move comes as China’s stock market is on a tear and investors are looking for ways to diversify their portfolios.
Credit Suisse has said that its investment banking joint venture in China has received regulatory approval to begin providing securities brokerage services in the Shenzhen Qianhai development zone. This joint venture is the first to get such approval since new rules were introduced for foreign investment in 2007.