CX Daily: Can China Create Its Own Goldman Sachs With Brokerage Mega-Merger?

M&A /

In Depth: Can China create its own Goldman Sachs with brokerage mega-merger?

As investors await details of the merger of two top Chinese securities firms to form a powerhouse with the potential to compete with global heavyweights, such as Morgan Stanley and Goldman Sachs Group Inc., analysts and academics are debating the merits and risks of a deal that could take over a year to complete.