Brokerage to inject proceeds into Hong Kong unit
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Citic Securities Co. Ltd. (600030.SH) plans to raise up to 16 billion yuan ($2.4 billion) to strengthen its major Hong Kong subsidiary and support overseas expansion.
Citic Securities launches largest equity fundraising by a Chinese brokerage since 2022, aiming to raise 16 billion yuan.
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Bank of America Securities analyst maintained a Buy rating on CITIC Securities Co on May 28 and set a price target of HK$35.70.…
The assets involve a crackdown on Futu, Tiger Brokers and Long Bridge for offering mainland Chinese investors access to…
The Chinese brokerage aims to capture rising demand for middle- and back-office services from Chinese mainland fund managers…
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