皇冠体育app

CITIC Securities Co, a major Chinese brokerage, said yesterday that it had won regulatory approval to take control of two fund management firms. The company won permission to buy the 51 percent it does not already own in CITIC Fund Management Co from three Chinese firms, it said in a statement. The brokerage, an arm of 皇冠体育app's largest financial conglomerate, 皇冠体育app International Trust and Investment Corp, will also buy 20 percent of 皇冠体育app Asset Management Co from Beijing Securities, raising its stake to 60.73 percent.

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