On September 6, the China Securities Regulatory Commission (CSRC) disclosed its feedback on the application documents submitted by Mizuho Securities Co., Ltd., Japan for the establishment of Mizuho Securities (China) Co., Ltd. According to the application materials, the company plans to initially focus on bond business and develop the sales and trading of domestic bonds; in terms of equity, it will only engage in underwriting. Please provide further clarification on whether securities brokerage and proprietary trading also do not involve equity business. Please supplement the specific business plan for each business license in the initial and midterm stages, taking into account the intended scope of business of the proposed securities company. In addition, the CSRC also expressed concern that neither the proposed chairman nor the general manager of the proposed securities company has experience in securities fund business related to their proposed positions. Please provide a discussion on their competency. (Daily Economic News) Share