BNP Paribas wins China approval
(China) - BNP Paribas has been given the green light to set up a 600 million yuan (US$72.5 million) brokerage venture in China to underwrite share issues on the $US500 billion domestic markets.
BNP is in partnership with China's Changjiang Securities on the venture, with the French bank owning 33 percent of the venture and Changjiang the balance.
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