The Prime Brokerage Business: China's Rising Star
August 28, 2020 | BY
Susan MokJennifer Zhang of East & Concord Partners examines new measures to open up the Chinese interbank bond and foreign exchange markets
China continues to promote the opening up of its foreign exchange market, and the further facilitation of foreign exchange risk controls for foreign institutional investors (referred to in this article simply as "foreign investors") in the interbank bond market. To that end, many regulations and circulars have been issued recently, both from the perspective of establishing new business models and of constructing the financial infrastructure.
The development of the prime brokerage business has been welcomed by China's domestic financial institutions
The prime brokerage business is a new business model which is particularly worthy of examination. There have been two key relevant regulatory developments in this space recently:
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now