Lawmaker Christopher Cheung Wah-fung said on Thursday that the cap on margin financing will severely hurt the viability of small brokerages. Photo: Nora Tam

Financial services lawmaker says cap on margin financing will make survival of small stock brokerages extremely difficult

  • Industry representatives were unable to convince the government to drop the rule which comes into effect today
Topic |   SFC

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Lawmaker Christopher Cheung Wah-fung said on Thursday that the cap on margin financing will severely hurt the viability of small brokerages. Photo: Nora Tam
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