国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

CITIC Securities, China's biggest listed brokerage, said on Tuesday it had won approval to operate a private equity business on a trial basis, investing in companies before their initial public offerings.

The brokerage would spend 831 million yuan (US$110.5 million) to set up a private equity unit, it said in a statement published in the China Securities Journal. The arm would use its own funds for the business, it said.

The securities regulator restricts domestic private equity firms to invest only in companies that had firm plans to issue new shares and places a three-year cap on such investments, the newspaper reported.

China International Capital Corp, about one-third owned by Morgan Stanley , has also won such approval, the report said.