May 3, 2018 / 10:58 AM / 6 months ago

BRIEF-China International Capital Receives Reply On Conducting Pilot Cross-Border Businesses From CSRC

May 3 (Reuters) - China International Capital Corp Ltd :

* RECEIVED REPLY REGARDING CONDUCTING PILOT CROSS-BORDER BUSINESSES BY CHINA INTERNATIONAL CAPITAL CORP LTD FROM CSRC

* CSRC HAS NO OBJECTION TO CO CONDUCTING TO USE PROPRIETARY FUNDS IN TRADING OF FINANCIAL PRODUCTS ON OVERSEAS EXCHANGES

* BUSINESS SCALE WHEN CARRYING OUT CROSS-BORDER BUSINESSES SHALL NOT EXCEED 20% OF NET CAPITAL OF CO

* CSRC DOESN’T OBJECT TO CO ENTERING INTO AGREEMENTS FOR OTC DERIVATIVES TRADING WITH DOMESTIC & OVERSEAS COUNTERPARTIES Source text for Eikon: Further company coverage:

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