Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: ReutersInvestors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: Reuters
Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: Reuters

Chinese brokerages hammered in Hong Kong on media report banks to get broker licences

  • Citic Securities leads a sell-off in brokerage stocks after a Caixin report says banks to get new licences to raise competition
  • CSRC, the market regulator, is coy on the report, saying there are multiple options to create large-sized investment banks
Topic |   Stocks
Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: ReutersInvestors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: Reuters
Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photo: Reuters
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