China’s top brokerages step up global push as overseas profits surge
China’s leading brokerages are accelerating their push overseas, pouring billions of yuan into their international arms as cross-border deals expand and profits from overseas operations grow, according to their latest interim reports. Citic Securities, one of China’s largest brokerages, saw revenue generated outside mainland China rise 45.5 per cent, year on year, to 15.86 billion yuan (US$2.4 billion) in the six months ended June, according to its interim report. The growth slightly outpaced...
Where: Hong Kong, China, Beijing
Exact coordinates
hong kong: 22.400, 114.110
china: 35.860, 104.200
beijing: 39.900, 116.400
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