The company will be located in Shanghai, with a registered capital of RMB1.5 billion ($298.5 million).
DBS Group Holdings has received approval from the China Securities Regulatory Commission (CSRC) to establish its joint venture securities company, DBS Securities (China) Limited.
DBS Securities, which the DBS Group will have a controlling stake in, will engage in the brokerage business, securities investment consulting, securities underwriting and sponsorship, as well as proprietary trading.
