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BIZCHINA / Biz Media Digest
Securities: No new brokerages in sight
(Shenzhen Daily)
Updated: 2007-09-11 10:18
Regulator aren't likely to approve the opening of new brokerages for the
next few years, the Shanghai Securities News reported yesterday.
"The existing 107 brokerages (in China) are basically adequate for the
market to develop. The major task (for the regulators) in the near future
will be to support well-established brokerages and crack down on
poor-performing ones and meanwhile improve corporate governance within
the sector." the report quoted?an official as saying.
(For more biz stories, please visit Industry Updates)
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