How China’s Top Broker Tamed the ‘Insane Asylum’ of Hong Kong Finance

  • 📰 WSJ
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Under Citic Securities, the once-freewheeling Hong Kong brokerage CLSA is becoming more like the state-owned enterprises that dominate China’s economy

China’s top investment bank is remaking an iconic Hong Kong brokerage in its own image, in a microcosm of how the Asian financial hub is changing.

Back in 2013, Citic Securities Co. completed a $1.2 billion takeover of CLSA Ltd., an institution known for its forthright research and glitzy investor events featuring keynote speakers such as Alan Greenspan and Bill Clinton. For years the buyer, also known as Citics, preserved CLSA’s decades-old franchise, before changing its approach.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

CLSA is an acronym with another acronym CITIC inside it! Inception, man.

future

The China Communist Party (CCP) murdered hundreds of free thinking HKers, some are adrift at sea this very moment to escape, some died and disposed of in the ocean near by, hanged on trees, thrown from buildings. Whole families were dragged from their home and raped them killed.

horrible

'We don't have much time left!' Chinese Whistleblower Virologist Dr. Li-Meng Yan Flees Hong Kong To Expose Secret Investigation On CCP Coronavirus 'This is about whether all humans in the world can survive', says Dr Li Meng Yan

Map path taken by Hitler for global dominance & China. After territorial agreement with Russia, China has started land sea acq based on warped historical perspective with Tibet HK SC Sea Phillipine Japan India Taiwan. Europe & World freedom at risk. Authoritarian Fascist country.

hub 中心

microcosm 缩影

Did China steal tge idea from HK

Earn with the THE WORLD FOREX EXPERT TRADERS the best binary and Forex platform , i made $10, 000 within a week with just $1500 investment I never believed it's real till I gave it a try Contact the admin Mr Abrantes Rene via Twitter 👇👇👇 abrantesrene

Hongkong is ruined forever. Amen

💨❄️🌫️🌨️🌬️🌘

Need a professional credit repair or real estate website, landing page or sales funnel for your credit repair, real estate or other businesses? See

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines