Caixin OnlineFinance & EconomicsTop Stories Finance Gao Hua Securities Acquires Shenzhen Futures Broker
11.27.2012 14:52

Gao Hua Securities Acquires Shenzhen Futures Broker

Move by Goldman Sachs' partner in China allows it to put its products on market
By staff reporter Li Xiaoxiao

(Beijing) – Goldman Sachs' strategic partner in China, Beijing Gao Hua Securities, has embarked on futures trading by acquiring Shenzhen-based broker QK Futures Corp.

The acquisition was announced by Gao Hua on November 26. A source from the firm said the move allows Gao Hua to officially enter the futures market with its own products. More types of futures would be developed, but there was no timetable yet, he said.
Gao Hua did not reveal details of the transaction.

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