法巴证券正式获批 外商独资券商增至4家

Core Viewpoint - The establishment of法巴证券 (Société Générale Securities (China) Co., Ltd.) marks the fourth wholly foreign-owned securities firm in China, reflecting the ongoing opening of China's capital markets to foreign investment [1][2]. Group 1: Establishment of法巴证券 -法巴证券 is fully funded by the French bank BNP Paribas with a registered capital of RMB 1.1 billion, and its business scope includes securities brokerage, proprietary trading, investment consulting, and asset management [2]. - The approval process for法巴证券 took three years, with the application submitted in April 2021 and approval granted on April 15, 2023 [2]. Group 2: Expansion of Foreign Investment in China - The number of wholly foreign-owned securities firms in China has now reached four, joining JPMorgan Securities, Goldman Sachs Gao Hua Securities, and Standard Chartered Securities [2][6]. - As of the end of 2023, there are 17 foreign-controlled securities companies in China, with 9 being fully foreign-owned [6]. Group 3: BNP Paribas's Commitment to China - BNP Paribas has a long history in China, having established its first office in Shanghai in 1860, and currently employs over 500 staff across various cities [4]. - The bank has been actively expanding its business in China, including the establishment of法巴农银理财, a joint venture wealth management company, and strategic partnerships with several local banks [3][4]. Group 4: Regulatory Environment and Future Outlook - The Chinese government continues to emphasize the importance of foreign investment in the financial sector, as highlighted in the recent Central Financial Work Conference [5]. - The China Securities Regulatory Commission (CSRC) has been facilitating the establishment of foreign financial institutions, indicating a trend towards further opening of the market [5].