Feb 03, 2012 (SinoCast Daily Business Beat via COMTEX) -- China Investment Securities Co., Ltd., a subsidiary under state-owned Central Huijin Investment Ltd., will be more active in Hong Kong's capital market.
The Hong Kong asset management arm and brokerage subsidiary established by China Investment Securities at the end of last year got licenses from the Hong Kong government in January 2012. According the latest data of the Securities and Futures Commission (SFC), the asset management subsidiary was licensed to provide advice on securities and asset management. The subsidiary, however, could only operate private equity business at present and shall not launch retail funds unless otherwise permitted by the SFC. The brokerage subsidiary was permitted by the SFC to provide advice on securities and was granted a license for securities trading.
Established in Shenzhen in 2005, China Investment Securities was held by and put under the management of Central Huijin Investment in 2009 by China Jianyin Investment. As of the end of 2010, China Investment Securities held total assets of CNY 40.88 billion and hit CNY 1.425 billion in comprehensive income.
Source: www.sina.com.cn (February 03, 2012)
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