HONG KONG, Nov 26 (Reuters) - Credit Suisse Group AG said on Thursday its investment banking joint venture in China had received regulatory approval to provide securities brokerage services in the country’s Shenzhen Qianhai development zone. The joint venture, Credit Suisse Founder Securities Ltd, is the first Sino-foreign firm to receive such approval since China rewrote the rules for foreign participation in its securities industry in 2007. (Reporting by Lawrence White)
Credit Suisse has announced that its investment banking joint venture in China has received regulatory approval to begin offering securities banking services in the zone ##ese economic zone . This joint venture is the first to get such approval since new rules were introduced for foreign investors in 2007 .