Unicorn Securities and a former employee have been penalised for mishandling clients' money and securities, while an ex-employee of China Merchants Securities has received a 10-month ban.
Tag : china merchants securities
Domestic securities firms and locally incorporated foreign banks are jostling for sunshine fund business as the mainland's securities regulator awaits applications.
The Dutch firm sells its 33% holding in China Merchants FMC to its two local partners in an industry first. While any future sale of a stake in the firm could be pricey, it might be money well spent.
