Industry Update

IDB News

Aug 2011
Tullett Prebon SITICO (China) Limited has become member of the Second Council Meeting of National Association of Financial Market Institutional Investors (NAFMII).
Apr 2011
The Inaugural Meeting of Professional Brokerage Committee (PBC) was successfully convened in Beijing. The CEO of Tullett Prebon SITICO (China) Limited acts as the deputy Director of PBC.
Mar 2011
Four money broking companies including Tullett Prebon SITICO (China) Limited have officially become members of the China Banking Association.
Dec 2010
The second Annual Meeting of China IDB Industry was held in Beijing.
May 2010
China Credit BGC Money Broking Company Limited --China's fourth money broking company is officially approved for operation in Beijing.
Dec 2009
 The first Annual Meeting of China IDB Industry was held in Shanghai.
Feb 2009

Ping An Tradition International Money Broking Company Ltd. --- China's third money broking company is officially approved for operation in Shenzhen.

Dec 2008

Three broking companies in mainland China signed the "Self-Discipline Agreement of Inter-Dealer broker Industry"

Nov 2008

SAFE issues "The Interim Administrative Regulations of Foreign Exchange brokerage by money brokering companies"

Sep 2007

Shanghai CFETS-ICAP International Money Broking Co., Ltd – China’s second money brokering company – is officially registered and established.

Sep 2007

National Association of Financial Market Institutional Investors – a national inter-bank market self-disciplinary organization administered by the People’s Bank of China – is established in Beijing. Tullett Prebon SITICO (China) Limited is member of the first council of this association.

Aug 2007

CBRC issues “The Guidance for Money Brokerage and Transactions between Financial Institutions” which specifically standardizes money brokerage and trading.

Aug 2006

The People’s Bank of China issues “The Circular on Matters Relevant to the Entry of Money Brokers into the Inter-bank Market.”

Dec 2005

Tullett Prebon SITICO (China) Limited – China’s first money brokering company – is officially approved to operate.

Nov 2005

CBRC issues “The Implementation Rules of the Interim Administrative Regulations of Money Brokering Companies” which details and supplements “The Interim Administrative Regulations of Money Brokering Companies” and enhances its operability.”

Aug 2005

China Banking Regulatory Commission officially issues “The Interim Administrative Regulations of Money Brokering Companies”, laying the foundation for the development of China’s money brokerage industry.