China's Brokerage Consolidation Surges

This is a China news story, published by Yahoo Finance, that relates primarily to Chang news.

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Chinese brokers

South China Morning Post

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China to spur mergers in US$1.6 trillion stockbroking sector after Guotai-Haitong deal: analysts

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More high-profile, government-led deals are likely to emerge in 2025 following the megamerger of Guotai Junan Securities and Haitong Securities.

Brokerages that have state-backed shareholders in common are more likely to be paired up, analysts say.

Shanghai , home to China 's largest stock market, has signalled it will do more to help cultivate two to three investment banks that can compete on the global stage by 2035 .

CGSI 's Chang : "With the state of the industry right now, you do need more consolidation" "Once you have a scale, your efficiency ratio is improving, you have stronger brand value, and you should be able to attract more customers," he said.

The SCMP is the most authoritative voice reporting on China and Asia for more than a century .

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