Two 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.
China’s Orient Securities Deal to Create $86 Billion Brokerage
Two 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.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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