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                       Ó¢ÎÄ£º country's first money broker
China's banking regulator has given the nod for the establishment of the country's first money broker, as the pace of capital market reform is accelerated.

The money broker is a joint venture between British interdealer Collins Stewart Tullett and Shanghai International Trust and Investment Corp., scheduled to be headquartered in Shanghai, It is said.

The money brokerage system is introduced to "deepen and widen financial markets, boost transparency of the markets and promote the interactive development of monetary, foreign exchange and capital markets," .

China, quickening efforts to develop markets to help firms raise funds or cope with increasing currency risks¡£


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