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Dbs will reach $50 by this year , wonderful share, awesome
$50 possible?
tankoksee ( Date: 30-Apr-2021 13:18) Posted:
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DBS gets licence for its majority-owned securities JV in China operations to start
MON, JUN 07, 2021 - 2:24 PM
DBS on Monday received the official green light for its majority-owned securities joint venture (JV) in China, with the attainment of
its securities business licence from the China Securities Regulatory Commission (CSRC).
With business operations officially commencing on Monday, DBS Securities (China) will operate brokerage, securities investment
consulting, securities underwriting and sponsorships, as well as proprietary trading.
The establishment of the JV where DBS will have a controlling stake of 51 per cent was first announced back in September 2020,
amid China' s push to open up its financial sector.
On Monday, Singapore' s largest bank said in a press statement that this is a " significant milestone that further cements DBS Group' s
commitment to China" , with the JV " committed to providing best-in-class onshore products and services for both domestic and
international customers" .
China has remained committed to opening up its US$45 trillion financial markets even in the midst of a global health crisis,
with steps taken since last year in giving foreign financial firms more access to the world' s second-largest economy.
For instance, foreign ownership caps on joint ventures were lifted and certain laws were reformed to simplify foreign
participation.
With the securities JV, DBS joins the ranks of other global banks such as Goldman Sachs, HSBC, UBS Group,
Nomura Holdings and JPMorgan keen to capture a slice of the pie.
Piyush Gupta, chief executive officer of DBS Group, noted that the bank' s history in China goes back decades,
with DBS the first Singapore bank to set up a representative office in China back in 1993 and one of the first foreign
anks to be locally incorporated in 2007.
" Today, DBS Securities is honoured to become the first Sino-Singapore securities joint venture," he said.
" With the establishment of DBS Securities, we will leverage Singapore' s experience as an international financial
centre while making available the best of DBS' capabilities and offerings to support our customers in both onshore and
offshore capital markets."
Mr Gupta added that he hopes to continue to facilitate China' s economic growth and looks forward to contributing
to its " Dual Circulation" strategy.
This " Dual Circulation" strategy, first mentioned in a meeting of China' s highest echelons in May 2020, refers to
an increased focus on the domestic market, or internal circulation, to cope with a more volatile outside environment.
This is meant to complement China' s export-oriented growth strategy, or external circulation.
The registered capital of DBS Securities is 1.5 billion yuan (S$310.2 million), with DBS the largest shareholder at
51 per cent. Other Chinese shareholders include Donghao Lansheng Investment Management Co (24.67 per cent),
Shanghai Huangpu Investment Holding (Group) Co (13.33 per cent), Shanghai Huiyang Asset Management Co (6.5 per cent),
and Shanghai Huangpu Guidance Fund Equity Investment Co (4.5 per cent).
https://www.businesstimes.com.sg/companies-markets/dbs-gets-licence-for-its-majority-owned-securities-jv-in-china-operations-to-start
MON, JUN 07, 2021 - 2:24 PM
DBS on Monday received the official green light for its majority-owned securities joint venture (JV) in China, with the attainment of
its securities business licence from the China Securities Regulatory Commission (CSRC).
With business operations officially commencing on Monday, DBS Securities (China) will operate brokerage, securities investment
consulting, securities underwriting and sponsorships, as well as proprietary trading.
The establishment of the JV where DBS will have a controlling stake of 51 per cent was first announced back in September 2020,
amid China' s push to open up its financial sector.
On Monday, Singapore' s largest bank said in a press statement that this is a " significant milestone that further cements DBS Group' s
commitment to China" , with the JV " committed to providing best-in-class onshore products and services for both domestic and
international customers" .
China has remained committed to opening up its US$45 trillion financial markets even in the midst of a global health crisis,
with steps taken since last year in giving foreign financial firms more access to the world' s second-largest economy.
For instance, foreign ownership caps on joint ventures were lifted and certain laws were reformed to simplify foreign
participation.
With the securities JV, DBS joins the ranks of other global banks such as Goldman Sachs, HSBC, UBS Group,
Nomura Holdings and JPMorgan keen to capture a slice of the pie.
Piyush Gupta, chief executive officer of DBS Group, noted that the bank' s history in China goes back decades,
with DBS the first Singapore bank to set up a representative office in China back in 1993 and one of the first foreign
anks to be locally incorporated in 2007.
" Today, DBS Securities is honoured to become the first Sino-Singapore securities joint venture," he said.
" With the establishment of DBS Securities, we will leverage Singapore' s experience as an international financial
centre while making available the best of DBS' capabilities and offerings to support our customers in both onshore and
offshore capital markets."
Mr Gupta added that he hopes to continue to facilitate China' s economic growth and looks forward to contributing
to its " Dual Circulation" strategy.
This " Dual Circulation" strategy, first mentioned in a meeting of China' s highest echelons in May 2020, refers to
an increased focus on the domestic market, or internal circulation, to cope with a more volatile outside environment.
This is meant to complement China' s export-oriented growth strategy, or external circulation.
The registered capital of DBS Securities is 1.5 billion yuan (S$310.2 million), with DBS the largest shareholder at
51 per cent. Other Chinese shareholders include Donghao Lansheng Investment Management Co (24.67 per cent),
Shanghai Huangpu Investment Holding (Group) Co (13.33 per cent), Shanghai Huiyang Asset Management Co (6.5 per cent),
and Shanghai Huangpu Guidance Fund Equity Investment Co (4.5 per cent).
https://www.businesstimes.com.sg/companies-markets/dbs-gets-licence-for-its-majority-owned-securities-jv-in-china-operations-to-start
$35 next target..............otw............
tankoksee ( Date: 08-Jan-2021 12:31) Posted:
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tankoksee ( Date: 10-Nov-2020 15:16) Posted:
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Huat at Maximus
St.Maximus ( Date: 05-Nov-2020 21:45) Posted:
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$30 otw.......................
World' s best bank, or at least in S' pore...!
hope the party can continue tomorrow. untie all my investment fund. 
I take profit at $24. Provisions are booked for reason. If things go sour, i can buy back. 30% profit over 9mths is reasonable
It is on its way to $30!
I am dreaming of $30.
john_ric ( Date: 03-Nov-2020 20:53) Posted:
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no harm to weave our dreams.
sell only when $24
$23 soon....................
$1 up for todayyyyyyyyyy
Sincerely hope so.
Vested.
Vested.
tankoksee ( Date: 03-Nov-2020 11:35) Posted:
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$23 otw..........