Shanghai state-backed brokerages plan merger into $86 billion firm
worldchinabusiness 1 posts · 1 accounts
Two Shanghai government-backed brokerages plan to merge into an $86 billion firm, advancing Beijing's push to build larger domestic investment banks.
From the sources (1 posts)
@businessTwo Shanghai government‑backed brokerages plan to merge in a deal that will create a firm with around $86 billion in assets, underscoring China’s push to consolidate the securities industry as it seeks to build world‑class investment banks.