Deals
Credit Suisse to Seek China Stock Trading License
This article is for subscribers only.
Credit Suisse Group AG plans to boost capital at its Chinese joint venture and apply for a stock trading permit in the country, as the government loosens restrictions on foreign investment banks.
Credit Suisse will move bankers to China to take advantage of higher ownership limits and a shorter wait for a license to trade shares in Shanghai and Shenzhen, said Zhang Liping, the bank’s chief executive officer for the country. Credit Suisse started a joint venture in December 2008 with Founder Securities Co.