In China, Galaxy Futures Eyes Western Push

Ya Zhongfang, CFO and deputy general manager at Galaxy. The broker is eyeing US and EU exchanges for its expansion.

"Galaxy Futures was the first joint venture brokerage firm in China," says Ya Zhongfang, deputy general manager and chief financial officer at Galaxy. "There are three JVs in China now, but we were the first, and are the biggest. The company was incorporated in May 22, 2006. There are two shareholders in the venture─RBS, and China Galaxy Securities, which is the biggest securities firm in China, owned by the China Investment Corporation (CIC) and Central Huijin Investment. CIC is a Chinese sover

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