Businesses that DBS Securities will engage in include brokerage, securities investment consulting, securities underwriting and sponsorship, as well as proprietary trading.
SINGAPORE: DBS Group has received the green light from the China Securities Regulatory Commission to establish a joint-venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51%.
The JV company will provide onshore products and services for both domestic and international customers, forming an important part of DBS’ strategy in China, according to a statement by Singapore’s largest bank.
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