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China Creates Its Largest Brokerage to Take On Wall Street
Posted
September 6, 2024
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2:14Now PlayingChina is combining two of its largest state-backed brokerages, as it looks to compete with overseas financial firms. Guotai Junan Securities will merge with its rival Haitong Securities through a share swap, creating a new entity with some $230 billion of assets. Bloomberg's Minmin Low reports.
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