Guotai Junan Securities given nod by CSRC to set up subsidiary in Macao

SHANGHAI,July 13,2022 --Guotai Junan Securities (Guotai Junan),a leading Chinese securities firm,hasbeen approved by the Chinese securities regulator to set up a subsidiary inMacao Special Administrative Region (Macao SAR) on June 29.

Guotai Junan said that it has received a formal approval from China SecuritiesRegulatory Commission (CSRC) to set up a subsidiary and run finance orfinance-related business in Macao SAR.

The Macao subsidiary,which will be formally established after its obtaining acorresponding approval from the Monetary Authority of Macao,marked animportant step for its layout in the Guangdong-Hong Kong-Macao Greater Bay Area(GBA) market.

By leveraging Guotai Junan's advantages in comprehensive financial services,the Macao subsidiary aims to provide wealth management services includingbuying,selling and trading of global stocks,bonds and structural products andactively develop securities issuance and other businesses in the Macao SAR.

In the future,the Guotai Junan Macao subsidiary will seize opportunities ininterconnectivity within the GBA and related opening up to grow itself andfacilitate Macao SAR to build an internationalized securities exchange anddevelop modern finance industry.

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