Six Chinese futures brokerages have been approved by China Securities and Regulatory Commission (CSRC) to establish branches in Hong Kong.
The firms were Green Futures, Yong'an Futures, Guangfa Futures, Jinrui Futures, China International Futures and Nanhua Futures, according to SinoCast China Business Daily.
Mark Ho, a director at futures brokerage firm Phillip Commodities Hong Kong, told FO Week, "These are all reputable domestic firms in China? but based on our understanding, most of them are still...