Weekend Long Read: How to Get Chinese Brokerages in Hong Kong Growing Again
For Chinese securities firms operating overseas, 2022 was a bad year. Many Hong Kong-based brokerage subsidiaries of Chinese financial institutions had to deal with slumping profits, huge losses from proprietary trading, as well as shrinking earnings from their brokerage and investment banking businesses.
From 2010 to 2020, Chinese financial institutions’ brokerages in Hong Kong benefited from a good market and good times, achieving 10 years of robust growth.
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