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COMMENTARY

China brokerages in investors' bad books

Until the country's stock connects start bearing fruit, investors might be wise to give its brokerages a wide berth

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The one edge Chinese securities firms do have - equities underwriting and trading - could even be at risk, with moves afoot to let local lenders and foreign- investment banks in on the action. The anticipated trading rush after a link between the Hong Kong and Shenzhen stock exchanges opened on Dec 5 hasn't happened.

ALMOST 12 months after they were forced to buy up stocks to put a floor under the market, China's brokerages are in a bad place again.

The anticipated trading rush after a link between the Hong Kong and Shenzhen stock exchanges opened on Dec 5 hasn't eventuated and investors are punishing

sentifi.com

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