Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP
Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP
Money /  Markets & Investing

Hong Kong broking firms feel heat from rivalry

One in four brokerages may close as banks enter the securities market and fees plunge

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Updated: 3:56am, 23 Jul, 2013

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Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP
Christopher Cheung says an increasing number of local brokerage owners will be forced to exit the market, if mainland banks contiune to expand their operations. Photo: SCMP
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