China’s brokerage sector sees mega-mergers but remains competitive and fragmented
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 … Read more