BEIJING, Aug. 11 (Xinhua) -- The China Securities Regulatory Commission (CSRC) has recently accepted an application from Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of the leading international banking group Standard Chartered PLC, to set up a securities firm on the Chinese mainland, the Xinhua-run Shanghai Securities News reported Tuesday.
Standard Chartered has submitted the application materials in October 2020 about establishing the securities firm in Chinese mainland, with the temporary name of Standard Chartered China.
London-based Standard Chartered opened its first branch in China's Shanghai in 1858 and now covers a wide range of businesses. In addition to banking services, its affiliate, Standard Chartered Bank China, also secured qualification for trusteeship of securities investment funds in 2018.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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