GAIN Capital Holdings Inc. announced today that it has received formal regulatory approval from the China Banking Regulatory Commission (CBRC) to open a representative office in Beijing.
Receiving the CBRC's approval is an important step towards expanding our business in one of the fastest growing economies in the world, commented Glenn Stevens, CEO of GAIN Capital. We believe the Beijing representative office will assist us in building strong relationships in China's growing financial community and help provide a strong foundation for our future strategic plans in that country.
GAIN Capital's representative office will focus on building GAIN Capital's brand in China, conducting market research on China's financial regulations and market environments and facilitating the company's relationships with Chinese financial institutions.
The CBRC is the primary banking regulator in China, supervising banks and non-bank institutions and their business operations within the country.
GAIN Capital's Beijing office will be located at the Central International Trade Center. The office will extend GAIN Capital's presence in the Asia-Pacific region, which currently includes offices in Hong Kong, Sydney, Singapore, Tokyo and Seoul.