Briefly

Japan's Ueda gets money brokerage nod

The China Banking and Insurance Regulatory Commission has given the green light to Tokyo-based Ueda Yagi Tanshi, a Japanese firm, to establish the first wholly foreign-owned money brokerage on the Chinese mainland, another step in the ongoing opening-up of the country's vast financial services sector. Tentatively known as Ueda Yagi Money Brokerage China, the new company will be based in the Tongzhou district of Beijing.

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