After two years, Central China Securities has scrapped its plans for an initial public offering in Shanghai as the mainland brokerage believes it will be easier and quicker to raise up to US$400 million in Hong Kong.Tuesday, 11 March, 2014, 12:35am
Many Hong Kong-based employees of Asian financial companies, including mainland banks and securities firms that have expanded their offshore business in the city in recent years, may enjoy a better bonus season this year than their peers at Western banks.8 Jan 2014 - 9:43am
There are no second acts in American life unless you are a stock broker. Then, there can be third and fourth acts, too.
Some brokers who get fired have no trouble getting a new job the next day. Others move from firm to firm, despite having regulatory troubles or mounting complaints from customers.8 Nov 2013 - 4:05pm
Smaller brokers in Hong Kong are losing clients, and some are on the verge of shutting down as credit limits by banks constrain them from offering margin financing to buyers of iBonds.17 Jun 2013 - 5:20am
Some Hongkongers hoping to buy the government's third batch of iBonds with a loan from a stockbroker rather than a bank may be out of luck, as banks have been cutting off credit to brokers in a battle for new customers.7 Jun 2013 - 2:30am
The state-owned brokerage firm sold 1.57 billion shares at HK$5.30 per share, near the bottom of its range between HK$4.99 and HK$6.77, after investor concern over its profitability and growth strategy in the highly fragmented mainland brokerage market.16 May 2013 - 3:53am
China Galaxy Securities, the nation's seventh-largest brokerage firm by assets, is expanding its margin financing and securities lending businesses to tackle fragmented and low-margin operating conditions at home.9 May 2013 - 4:39am
The decision is expected to introduce more than 50 new competitors to the mutual fund sector as the China Securities Regulatory Commission (CSRC) strives to drive up the key indicators.20 Feb 2013 - 2:20am
Mainland brokerages reported declining profits for a third year in 2012 as jittery investors and a sluggish market for initial public offerings (IPOs) added to weak trading conditions.18 Jan 2013 - 5:47am
In the era of the mega firm, you may wonder why there are still 430 small brokerages active in the city. The answer may well be the innate human need for relationships.
Cheung Tin-sang, who turned 75 last weekend, is a typical example of how traditional brokers survive in the city.11 Dec 2012 - 2:55am