Reported 2 days ago
China's brokerage sector, valued at 12 trillion yuan, remains competitive and fragmented amidst ongoing consolidation efforts mandated by the government. Despite recent mega-mergers, such as the one between Guotai Junan and Haitong Securities, industry experts suggest that significant changes in market dynamics are unlikely in the next two years. Over 140 firms are competing fiercely on pricing and services, leading to regulatory scrutiny. The push for creating world-class entities is expected to continue, as firms expand both domestically and internationally to meet rising demands in wealth management.
Source: YAHOO