China's accession to the WTO in November 2001, is likely to have a significant impact on the immature industry in China securities. Sino-American bilateral WTO agreement states that foreigners will be allowed to hold up to a 33% stake in a joint venture brokerage and fund management companies after joining the WTO, and three years after accession, 49% foreign ownership is allowed for a joint venture to manage funds. This will lead to opportunities and threats for the securities industry in China, which makes the question of joining the WTO is quite complex and contradictory. Securities Mainland Co (MSC), one of the best players in the securities industry in China, is facing serious challenges. "Hide
by Zhigang Tao, Sang Hee, Maria Ho Source: University of Hong Kong, 15 pages. Publication Date: October 28, 2002. Prod. #: HKU227-PDF-ENG
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