BNP Paribas plans China push as Beijing mulls removing ownership caps

Pedro Gonçalves
clock • 1 min read

BNP Paribas is getting ready to make an expanded push in China as the threat of a trade war has forced Beijing to consider lifting ownership limits on financial firms.  France's biggest lender will enter into brokerage and wealth management services in China. It is also considering an expansion into securities trading in the country, adding to its corporate advisory and equity fundraising services. "We are studying about having a securities joint venture. We are looking for a joint venture partner to apply for a securities license, but it takes time," C G Lai, chief executiv...

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