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China Sets Up New Large Stockbroker
Another large stockbroking company was formally set up today in this capital city of southwest China' s Sichuan Province.
Huaxi Securities Company, is a combination of the former Sichuan Securities Co. Ltd. and the Sichuan Securities Trade Center, and is believed to be the largest stockbroking company so far in western China.
According to Si Peiwen, president of the new company, the company has a registered capital of one billion yuan (about 125 million US dollars) and nearly 1,000 employees. It has already set up 25 branches in a number of cities, including Shanghai, Shenzhen and Chongqing.
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