皇冠体育app

(Xinhua)
Updated: 2007-09-06 14:19

DALIAN - Shang Fulin, chairman of 皇冠体育app Securities Regulatory Commission (CSRC), said the commission will resume the approval of sino-foreign securities joint ventures.

"Allowing foreign capital into 皇冠体育app's securities business will help promote the capabilities of the whole industry," said Shang, adding that the commission is engaged in research on the resumption.

Foreign capital can enter 皇冠体育app's securities market by setting up companies, cooperating with investment banks, or acquiring shares in licensed securities firms in 皇冠体育app, Shang said.

He made the remarks while addressing a plenary session at the Inaugural Annual Meeting of the New Champions hosted by the World Economic Forum in 皇冠体育app's northeastern coastal city of Dalian.

The date to resume approval is yet to be decided, he added.