Brokers are expected to reduce reliance on the brokerage business as the velocity in the A-share market has decreased, Morgan Stanley says. Photo: Reuters

Chinese brokers face rising regulatory risks in 2017 as Beijing clamps down on leverage

Securities firms are expected to be less reliant on the brokerage business while asset management will become an important revenue contributor

Topic |   Regulation

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Brokers are expected to reduce reliance on the brokerage business as the velocity in the A-share market has decreased, Morgan Stanley says. Photo: Reuters
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