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ENCOH YIU

A statutory stockbrokers' association is needed to set rules to stop cut-throat competition as a commissions war threatens to push fees too low for small players to survive, lawmakers have urged the government.

Alibaba tore into Hong Kong authorities for rebuffing its IPO plan, adding fuel to the rift between the stock market authorities and the regulators over whether or not to order a review of the city's listing rules.

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