September 10, 2020

The first wholly foreign-owned currency brokerage company in China has settled in Beijing Municipal Administrative Center (BMC). On the morning of September 9, the approval and preparation announcement ceremony for Ueda Yagi Money Broking (China) Co., Ltd. was held at the Asia Financial Center.

Ueda Yagi Money Broking (China) Co., Ltd., a wholly owned subsidiary of Japan's Ueda Yagi Tanshi Co., Ltd, is set to establish its presence in the Canal Business District of BMC. The head of the company's preparation team stated that China's vast market, favorable investment environment, and open stance are continuously increasingly attracting foreign-funded institutions to the country. The company plans to leverage its century-long experience and technology in brokerage operations, manage prudently, continuously enhance its business systems through improving its currency brokerage product line, and comprehensively serve customer needs, aiming to provide the most cutting-edge and thoughtful services for both domestic and international clients.

The successful establishment of Ueda Yagi Money Broking (China) Co., Ltd. in Beijing MC exemplifies the city's commitment to further financial opening up, a major breakthrough in its "Two Zones" initiative, and a significant achievement by Beijing MC in advancing the financial industry and optimizing its business environment.

(Source: Tongzhou District People's Government)