Credit Suisse to seize control of onshore China JV

Pedro Gonçalves
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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