China’s 12 trillion yuan (US$1.6 trillion) brokerage sector will continue to remain fragmented and competitive, despite the ongoing consolidation mandated by Beijing to create world-class entities, according to S&P Global Ratings. “Over the next two years, the landscape will not likely change considerably,” the rating agency said in a report on Friday. “The top players…
Hong Kong stocks swung between gains and losses on Thursday, as volatility increased after a tech-driven rally sent key benchmarks to multi-year highs. The Hang Seng Index dropped from a three-year high, falling 0.4 per cent to 23,705.54 as of 10.13am local time. The Hang Seng Tech Index lost 0.7 per cent after briefly touching…
SINGAPORE, Oct. 23, 2024 /PRNewswire/ — China Galaxy Securities (CGS) and CGS International Securities (CGS International) successfully concluded the CGS SEA Bilateral Investment Forum 2024, held in Haikou, Hainan, from 16 to 17 October 2024. The forum brought together 400 leading policymakers, industry experts, and business leaders to explore emerging macroeconomic trends and bilateral investment…