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Central Huijin to Transfer Ownership in Guotai Jun’an Securities

12-19 10:47 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2008-12-18/110040290.html

Central Huijin Investment Company, the government agent responsible for restructuring and injecting capital into state-owned banks and securities firms, will transfer its ownership in Guotai Jun’an Securities, as its three-year grace period to clean up multiple ownerships of securities firms comes to an end. Shanghai International Group, a government agency in charge of restructuring Shanghai-based financial assets, will take over Central Huijin’s 21 percent stake.

 

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