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Why Shenwan Hongyuan welcomes foreign banks to China

Securities firm sees opportunities to work together, but says it has the edge with local clients

China welcomes
Credit: Risk.net montage

The world’s biggest investment banks have been busy building up their securities joint ventures in China over the past several years. But Jian Liu, who was appointed chairman of local securities giant Shenwan Hongyuan Securities in August, is not losing any sleep about the stiffer competition his firm could be facing.

Shenwan Hongyuan is the fifth largest of the more than 100 Chinese securities

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