25 August 2019

Financial leasing firms get nod to diversify, paper says

The China Banking Regulatory Commission will pilot a scheme that allows financial leasing companies to set up subsidiaries and diversify into certain industries, China Securities Journal reported Tuesday. These companies may be permitted to conduct fixed income securities investment, provided it does not exceed 20 percent of their net capital, the report said.

– Contact HKEJ at [email protected]



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