Why China wants brokerages to merge and why it won’t be easy

Why China wants brokerages to merge and why it won’t be easy

FILE PHOTO: The Chinese national flag is seen in front of the financial district Central on the Chinese National Day in Hong Kong, China October 1, 2022. REUTERS/Tyrone Siu/File Photo

China’s brokerage sector looks set for another round of mergers and restructuring after the Central Financial Work Conference in October vowed to “foster first-class investment banks and institutions” and the top securities regulator pledged support for firms to improve their competitiveness.

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