CHINA

Brokers are prioritising overseas growth to escape intensifying competition in the domestic market

The raid comes amid a significant resurgence in Hong Kong’s capital markets

The push marks a major turnaround for the country’s brokerages

McDonald’s China expressed satisfaction with Trustar’s increased investment, citing strong confidence in China’s economic growth and the firm’s potential.

CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing investment gains.

CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for US$430.3 million, fully exiting the busines...

CHINA’S Citic Securities has been given the nod to obtain 10 billion yuan (S$1.8 billion) in liquid assets from a new swap facility set up to aid the stock market, becoming the first firm do so, finan...

STATE-BACKED Guotai Junan Securities’ purchase of its rival Haitong Securities to create a sector leader is part of Beijing’s drive to consolidate the US$1.7-trillion industry amid challenging markets...

CITIC Securities, China’s biggest brokerage, on Tuesday (Mar 26) reported a 7.49 per cent fall in its annual net profit, after shrinking investment returns and market turbulence.