Foreign capital bets bigger on China

This year, foreign financial institutions have reiterated their confidence in China. This can be seen in the establishment of new securities firms, starting new operations and expanding existing businesses, demonstrating their positive outlook on the Chinese market.

Foreign financial institutions are stepping up investments in China, with the DBS Group receiving regulatory approval to increase its stake in DBS Securities from 51 percent to 91 percent through its local entity, as confirmed by the group on Nov 26.

In recent years, the group has intensified its investments in China, expanding its commitment both in scale and depth. According to the Shanghai United Assets and Equity Exchange, the two equity transfer projects of DBS Securities were completed on Nov 21, totaling 40 percent of its shares for the base price of 823 million yuan ($113.42 million).

Morgan Stanley Securities (China) Co Ltd received approval to expand its business scope to include securities investment consulting and proprietary trading in March this year. Standard Chartered Securities (China) Ltd, the first securities company wholly owned by a foreign shareholder approved for establishment in China, also announced its official launch in March.

On April 15, the China Securities Regulatory Commission approved BNP Paribas' application to establish a securities firm in China. With a registered capital of 1.1 billion yuan, fully funded by BNP Paribas, the firm is set to launch operations by the end of this year.