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78 days ago

China speeds up process of potentially merging its two biggest brokers Citic Securities and CSC Financial Co


(July 3): China is speeding up the process of potentially merging its two biggest investment banks, in a move that would create a $82 billion ($114.29 billion) powerhouse and may spark a wave of consolidation among the country’s more than 130 brokers. In the latest proposal, Citic Group, the parent of ...

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