Chinese brokers

China's brokers seek overseas expansion

Despite making losses at home, China's securities firms are seeking international expansion.

Lillian Liu

November 09, 2011

Citic Securities suffered an 80% drop in profits during the third quarter, but it nevertheless has plans to expand internationally (AFP)

With the weak A-share market depressing profits at home, China’s securities brokers are seeking to expand overseas in the footsteps of the country’s banks.

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