Citic Haitong

Chinese brokers flock to capital markets

China’s brokers are rapidly raising capital for margin financing but analysts warn of dilution and regulatory scrutiny.

Citic Securities’ $4.5 billion and Haitong Securities’ $3.9 billion share placements underscore Chinese brokers’ growing need for capital to finance their rapidly expanding margin lending businesses.

¬ Haymarket Media Limited. All rights reserved.

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