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Haitong Securities Okayed for Singaporean Financial License

January 22, 2014

SINGAPORE, January 22 , SinoCast -- Haitong Securities Co., Ltd. (SHSE: 600837, SEHK: 6837) revealed license for securities and futures trading applied to the Monetary Authority of Singapore (MAS) has been approved. Singapore is the sole international financial center situated in ASEAN region, also being the global fourth biggest market for foreign exchange, world top commodity trading center and first financial center outside Greater China allowed for CNY liquidation. Haitong Securities will first develop CNY products in Singapore.

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Source: Sinocast Investing & Securities Beat (China)

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