Zou Yingguang, head of Citic Securities’ fixed income division, will become CSC Financial’s general manager, succeeding Li Geping

Li Geping, CSC general manager, taken away May 29 by authorities, who may be investigating matters related to his tenure as a financial regulator, Caixin learned

Cuts to travel budgets by CSC Financial and Citic Securities are part of efforts to lower costs and raise profitability

Though both deny renewed Bloomberg reporting, analysts see a combination as feasible as policymakers press to create investment banking giant to compete with Wall Street

Flotation of lucrative high-speed rail line would be step toward monetizing assets to pay down rail operator’s $789 billion debt pile