Credit Suisse to seize control of onshore China JV

Pedro Gonçalves
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Credit Suisse to seize control of onshore China JV

Credit Suisse will increase its stake in its China securities joint venture (JV) to 51%, having reached an agreement with Founder Securities, making it the latest foreign bank to take a majority holding in its China JV. The Swiss investment bank stake in Credit Suisse Founder Securities Limited (CSFS) is expected to increase from a third to just over half by way of capital injection. Founder Securities's stake in CSFS will shrink to 49%. Beijing requires that international firms wanting...

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