State asset management firms launch brokerages

Stock Markets

Friday, September 05, 2008 23:42:18

	State asset management firms launch brokerages By STAFF EDITOR Published: September 20, 2007 12:01 AM Two of China’s four state asset coordinators, China Huarong Asset Management Corp (AMC) and China Cinda AMC, have launched securities brokerage divisions, the Shanghai Securities News reported. Huarong Securities was registered with capital of US$200.80 million (RMB1.51 billion), consisting of RMB1.5 billion from China Huarong AMC and RMB10 million from China Gezhouba Group. Cinda Securities AMC was registered with capital of RMB1.511 billion, ... You are currently reading 66 words of 202 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , Beijing , EA , management , Cinda	More Articles in Stock Markets > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > China Merchants Property wins approval for US$1.17b share issue Hunan Publishing to list units Zhejiang businessman draining capital from financial markets IPO fundraising stagnates in first half: PwC Pension fund may win IPO allotments Banks to list brokerage arms Three fund companies break RMB1b profit barrier

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