STANDARD Chartered Securities has been granted a representative office licence in Shenzhen by the People's Bank of China, following a similar move in Shanghai. Eugene Yang, managing director of the brokerage, said the company would soon set up a research team in Shenzhen, and would go further into the corporate finance activities. The idea was to strengthen Standard Chartered's foothold in China's B shares market, he said. The company has already been the leading player in the mainland's initial public offering (IPO), as well as the secondary B shares markets. Mr Yang said he expected the IPO market in Shenzhen would be more active early next year as the new batch of B shares came on stream. ''Despite Shanghai exchange's buoyancy, Shenzhen should not be ignored with all of its potential as the regional exchange in the south, and its pivotal role in the Pearl River Delta region,'' he said. Standard Chartered recently was among the first batch of international brokers to be awarded special seats on both the Shanghai and Shenzhen exchanges.