21 August 2019

Deputy backs forex deals for securities firms, paper says

Securities companies should be allowed to conduct brokerage or proprietary business on the foreign exchange market, China Securities Journal reported Friday, citing National People’s Congress deputy Ouyang Changqiong. Also, they should be permitted to provide funding for low-cost homes, Ouyang, an inspector of the China Securities Regulatory Commission institutional department, was quoted as saying. Ouyang proposed a market-driven commission rate for the securities brokerage industry, the report said .

– Contact HKEJ at [email protected]



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