Securities and Futures Sector

  • J.P. Morgan and Nomura, respectively, on establishing their full-license securities joint ventures in Shanghai.
  • Alibaba on its RMB3.5 billion acquisition of 3.25% of the shares in Huatai Securities.
  • A European bank on its equity step-up from 33% to 51% in its existing securities joint venture.
  • China Renaissance and HSBC, respectively, on establishing their full-license securities joint ventures under the CEPA regime.
  • Royal Bank of Scotland on its establishment of a securities joint venture with Guolian Securities and its subsequent exit.
  • UBS on its RMB1.7 billion investment in and restructuring of Beijing Securities, a landmark securities transaction in the China securities market.
  • Goldman Sachs, Citigroup Global Markets Asia, Morgan Stanley and Credit Suisse, respectively, on establishing their securities joint ventures with Chinese investors.
  • CLSA on its establishment, restructuring and disposal of its securities joint venture in China, the first securities joint venture eligible to apply for an upgrade of its business scope.
  • BNP Paribas on its exit from Changjiang-BNPP, the first foreign exit from a Sino-foreign securities joint venture established in China.
  • J.P. Morgan on its acquisition of a 49% stake in a PRC futures brokerage firm and related restructuring matters.
  • A major PRC investment bank on its acquisition of a PRC futures brokerage firm.
  • UBS Securities on its acquisition of a 66.7% shareholding in a PRC futures brokerage firm.