SINO-FOREIGN SECURITIES JV WILL LEAD TO IMPROVED LEGAL SERVICES IN CHINA

July 09, 2008 | BY

clpstaff &clp articles

Lawyers see that China Securities Regulatory Commission's approval of CLSA's Sino-foreign securities joint venture is a good sign for the legal industry,…

Lawyers see that China Securities Regulatory Commission's approval of CLSA's Sino-foreign securities joint venture is a good sign for the legal industry, as more foreign securities companies will follow CLSA's example.

“We expect to see more and more Sino-foreign joint ventures take place in China. They will bring us not only more revenue but also, most importantly, make us improve our services' quality,” said John Ye, partner at Alpha & Leader Law Firm.

Ye said the expansion of securities venture will lead to higher demands on legal practitioners. As the securities market now begins to provide a variety of products, each of them requires different kinds of legal services. More lawyers will be involved in the securities market as a result.

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