Sunday, December 12, 2010

The establishment of the first money broker 40 million capital injection.

<P> "We voted on the country currency broker a joint venture scheme will be officially opened before the end of 2005, the new joint venture will be registered in the Pudong Lujiazui financial and trade district, the registered capital of 40 million yuan, the Shanghai International Trust .investment companies 67% stake, Bradley IMC holding 33%. "</ P> <P> multinational foreign exchange capital management following the 9 first pilot innovative measures in Pudong, Shanghai as an international financial center, but also the function of system .one is rich. .</ P> <P> Yesterday, the Shanghai Banking Regulatory Bureau, said China Banking Regulatory Commission has approved on November 8 to build Shanghai Guoli Money Brokers Limited, which is the first money broker. .The company was formed by Shanghai International Trust and Investment Co. Ltd. and the United Kingdom Bradley IMC joint venture co-sponsored by the currency broker. .</ P> <P> Previously, banks in Shanghai's financial operations have also been received about the Bradley IMC and Shanghai International Trust and Investment Corporation of currency brokerage company to be set up message. .</ P> <P> contrary to industry expectations that Bradley IMC and Shanghai International Trust and Investment Co. Ltd. joint venture has become a lucky money broker, became the first money broker joint venture company. .Prior to the big top, by the China Foreign Exchange Trade Center and the ICAP joint venture of the Shanghai International Monetary Brokers Limited is still awaiting approval. .</ P> <P> BRADLEY IMC people: "We and the national currency broker a joint venture investment plans will be officially opened before the end of 2005, the new joint venture will be registered in the Pudong Lujiazui financial and trade district, the registered capital .to 40 million yuan, the Shanghai International Trust and Investment Corporation 67% stake, Bradley IMC holding 33%. "</ P> <P> According to informed sources, the country voted in the IMC and the establishment of the currency Deli .brokerage companies, will be chairman of the Chinese as the general manager recommended by the foreign, the country as chairman of CIC may be candidates for vice president or president of Shanghai International Group, an executive assistant. .</ P> <P> In addition, shares of both arrangements have been a change in the original plan, with each holding 50%. .</ P> <P> informed sources told reporters that the reason why the share ratio adjustment because of China Banking Regulatory Commission stipulates that money brokers in the joint venture company was established two years ago, no more than 33% foreign ownership, so whether or Bradley IMC .ICAP proportion of shares should be reduced. .After re-arrangement of shares, the country voted and Deli IMC currency broker a proposed personnel arrangements and management of the arrangements are not made additional adjustments, is still dominated by the foreign party to manage. .The China Foreign Exchange Trading Center in the equity changes to personnel arrangements and management arrangements and foreign objections, delays a final decision. .This also led to some changes in his first joint venture money broker in the company's race behind. .</ P> <P> this and vote on the country's foreign shareholders of the joint venture is the result of the integration Bradley IMC Big money brokers, had to enter China, is beneficial to Bradley as the international and IMC were set up in Shanghai .office. .September 2004, the industry ranked second child Deli Group, the industry's third acquisition of IMC benefit. .After the merger, Dresdner Group in the global market for interbank transactions account for nearly 25% share, almost equal market share of 28% of ICAP, they may become major competitors. .Since IMC favorable business development in the Asia Pacific Region is very good, therefore, the second acquisition is generally considered a major expansion of Bradley Group Asia Pacific Bureau of the strategic plan. .</ P> <P> is worth mentioning that, after media said Bradley, president, Asia Pacific, has been switched to ICAP BennyLuk, and is expected to serve by the ICAP and the China Foreign Exchange Trading currency broker a joint venture of the Shanghai International .Co., Ltd. CEO. .</ P> <P> Shanghai Banking Bureau sources said, after the establishment of foreign currency brokerage company will in the domestic and foreign financial institutions including the foreign exchange market trading, domestic and foreign money market transactions, domestic and foreign bond market, derivatives and abroad .trading and other brokerage services. .</ P> <P> stakeholders China Foreign Exchange Trade Center yesterday when interviewed claimed: "We are ready and ICAP money broker joint venture arrangements and equity interests Shanghai is basically the same country, the registered capital .Gold may be 60 million yuan, when they will get a license is still unknown. "</ P>.

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