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China's move to US-style IPO registration a boon for local brokers

It will boost revenues at local banks, brokers and lure more companies to the stock market, say analysts

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Large brokers such as Haitong Securities would also benefit due to their sizeable investment banking businesses and balance sheets.

Hong Kong

CHINA'S landmark decision this month to implement a US-style registration system for stock listings will boost revenues at local banks and brokers and lure more companies to the stock market, analysts said.

Under official proposals unveiled by the State Council on Dec 9,

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