#chinabrokerage

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    CHINA CREATES ITS LARGEST BROKERAGE TO COMPETE WITH WALL STREET

    In a strategic move to strengthen its financial sector, China is merging two of its largest state-owned brokerages, Guotai Junan Securities Co. and Haitong Securities Co., to create a financial powerhouse with assets totaling 1.6 trillion yuan ($230 billion). This merger will eclipse Citic...
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