State asset management firms launch brokerages

Stock Markets

Wednesday, August 20, 2008 21:56:49

	State asset management firms launch brokerages By STAFF EDITOR Published: September 21, 2007 12:06 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 was registered with capital of RMB1.511 billion, with ... You are currently reading 66 words of 200 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: brokerage , Shanghai , investment , business , china , US , stock , Beijing , EA , broker , management , Cinda , securities	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 > Sinolink Securities secures back door listing Stock market to surge in 2008: Professor Zhejiang businessman draining capital from financial markets Mainland firms raise US$7b in 56 Q2 IPOs China Merchants Property wins approval for US$1.17b share issue Hunan Publishing to list units 93% recent stock investors lose money: Survey

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