Business & Finance

Reuters first to report China pushes First Capital merger in drive to take on Wall St.; market reacts

Reuters was first to report that China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, underscoring Beijing’s determination to consolidate the brokerage industry to take on the giants of Wall Street. Shares in Shenzhen-listed First Capital rose by their maximum 10% limit following the news.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: AmericasAsia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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