Credit Suisse plans on raising stake in Chinese joint venture

Credit Suisse plans on raising stake in Chinese joint venture

The Credit Suisse logo is seen at the headquarters in downtown Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini

Credit Suisse is planning to boost its stake in its Chinese securities joint venture to the maximum permissible 49 percent, which would make it the first foreign bank to take advantage of relaxed Chinese investment rules introduced four years ago, three people with direct knowledge of the matter said.

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