Chinese state-owned brokerage to ramp up i-banking business in SE Asia

Chinese state-owned brokerage to ramp up i-banking business in SE Asia

FILE PHOTO: A booth of China Galaxy Securities at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 5, 2020. REUTERS/Tingshu Wang/File Photo

A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in the region amid a sluggish market at home.