French lending major BNP Paribas applies to set up securities firm in China

French lending major BNP Paribas applies to set up securities firm in China

An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, in this September 7, 2015 file photo. REUTERS/Jason Lee/Files

China’s securities regulator has received an application from France’s BNP Paribas to set up a securities company in China, the latest foreign player to try to expand into brokerage services in the country as it opens up its capital markets.

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