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

Hong Kong broking firms feel heat from rivalry

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

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
READ FULL ARTICLE