Lujiazui Financial and Trade Zone, part of the Shanghai Free Trade Zone, recently witnessed the establishment of a wholly foreign owned enterprise (WFOE) of Macquarie Securities Group. It is the first WFOE managed by an offshore securities company since the 40 new regulations have been announced by the Shanghai Free Trade Zone to promote more activities in RMB liberalization and increase foreign participation in the financial sector.

Macquarie Group is a global financial services provider with headquarters in Sydney, Australia. It acts primarily as an investment intermediary for institutional, corporate and retail clients and counterparties around the world. Macquarie has built a uniquely diversified business. It has established leading market positions as a global specialist in a wide range of sectors, including resources, agriculture and commodities, energy and infrastructure, with a deep knowledge of Asia-Pacific financial markets. Founded in 1969, Macquarie employs more than 13,500 people in 29 countries. By the end of September 2015, Macquarie had assets under management of AUD$ 504.3 billion ($367.6 billion).