(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.