Royal Bank of Scotland has launched a Chinese securities joint venture, the first of its kind for a UK bank.
The partnership, announced on Monday, follows similar tie-ups for European and American banks in China, and will give RBS a platform to underwrite share and bond issues in the world’s biggest market for initial public offerings.
RBS will hold a one-third stake in the venture, the maximum a foreign firm can own under local rules. Its partner, Guolian Securities, will control the rest.
您已閱讀23%（493字），剩余77%（1613字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。