A woman walks past a signboard of CITIC Securities at its head office in Beijing March 27, 2013. Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it. Wang is now busy remodelling his Beijing-based brokerage after Goldman Sachs Group Inc by expanding into asset management, trading complex derivatives instruments and nurturing overseas businesses. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS)

Brokerage CLSA lays off 90 US staff as its cuts equity research unit in the country

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A woman walks past a signboard of CITIC Securities at its head office in Beijing March 27, 2013. Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it. Wang is now busy remodelling his Beijing-based brokerage after Goldman Sachs Group Inc by expanding into asset management, trading complex derivatives instruments and nurturing overseas businesses. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS)
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