CHINA TO OK SECURITIES FIRMS TO RUN EQUITY INVESTMENT

AsiaInfo Services 08-24-2007 China to OK Securities Firms to Run Equity Investment BEIJING, Aug 24, 2007 (SinoCast via COMTEX) -- CITIC Securities disclosed that it will file for launch of equity investment business, planning to create a solely owned subsidiary to buy equities in companies that propose to go public. China Securities Regulatory Commission, the industry authority of the country, will grant green light to the company to present the business.

In addition, China International Capital Corporation, the top investment bank nationwide, is also expected to win the ...

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