China Merchants Securities to tap into S. Korean market in 2016
By 박한나Published : Aug. 25, 2016 - 10:55
[THE INVESTOR] China Merchants Securities, China’s eighth-largest brokerage firm, is set to begin operation in South Korea by the end of the year amid Korean investors’ growing interest in Chinese stocks ahead of the Shenzhen-Hong Kong market tie-up.
On Aug. 25, Seoul’s Securities and Futures Commission granted a preliminary license to the Chinese securities firm to set up business here.
![](//res.heraldm.com/content/image/2016/08/25/20160825000675_0.jpg)
If China Merchants Securities receives the final approval from Korean financial regulators, it will become the first securities company based in mainland China to enter Asia’s fourth-largest country.
China Merchants Securities, which has some 8.3 trillion won (US$7.4 billion) in assets, plans to focus on brokerage services specializing in foreign markets, including China, and the sale of future products.
By Park Han-na (hnpark@heraldcorp.com)
On Aug. 25, Seoul’s Securities and Futures Commission granted a preliminary license to the Chinese securities firm to set up business here.
![](http://res.heraldm.com/content/image/2016/08/25/20160825000675_0.jpg)
China Merchants Securities, which has some 8.3 trillion won (US$7.4 billion) in assets, plans to focus on brokerage services specializing in foreign markets, including China, and the sale of future products.
By Park Han-na (hnpark@heraldcorp.com)