Shanghai Securities Co. Ltd. Set Up

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Wednesday, May 09, 2001, updated at 07:50(GMT+8)

Business

Shanghai Securities Co. Ltd. Set Up

The Shanghai Securities Co. Ltd. was officially set up on Tuesday with the approval of the China Securities Regulatory Commission.

The new company includes the former Shanghai Finance Securities Company and the Shanghai International Trust and Investment Corporation, two of the earliest securities dealers in China.

The total assets of the new company are over 6 billion yuan (740 million US dollars), a company source said.

According to experts, the operation of the new securities company will help to improve the capital market in Shanghai and help build Shanghai into a world financial center.



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	The Shanghai Securities Co. Ltd. was officially set up on Tuesday with the approval of the China Securities Regulatory Commission.




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