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China eases restrictions on foreign ownership of securities ventures

BEIJING: China‚Äôs securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation, the regulator said in an announcement on its website late on Saturday. During the review, restrictions limiting single foreign investors to…

Banks complete 25 million euros securities transaction on blockchain platform

NEW YORK: Credit Suisse Group AG and ING Groep NV have completed a 25 million euros (22.2 million pounds) securities lending transaction using blockchain-based software, the companies said on Thursday, as more projects involving the nascent technology behind cryptocurrencies get closer to yielding results. The transaction involved the banks swapping baskets of securities through an application from financial technology company HQLAx built with a type of blockchain created by bank consortium R3, the companies said. The…