Guotai Junan Securities and Haitong Securities are merging to form China's largest dual-market brokerage, surpassing CITIC Securities in assets and net assets. The merger aims to create a "carrier-class" brokerage firm but faces skepticism regarding genuine performance improvement and integration challenges. Historical context indicates significant obstacles in achieving effective amalgamation, with potential risks tied to Haitong's troubled segments like Haitong International.

Major American investment banks engaged in high-risk proprietary trading activities which contributed to the 2008 financial crisis. The Dodd-Frank Act, specifically the Volcker Rule, aimed to prohibit proprietary trading by banking entities and impose stricter regulations. Despite the rule, criticisms and amendments continue as banks seek exemptions, with debates on its effectiveness in preventing systemic risks.

Better-than-expected export trades and Beijing’s focus on supply chain upgrades lead economists to boost China’s growth forecasts

China Merchants Bank and Banxia Investment challenge U.S. bank’s concerns over risk from local government debts

The $4.69 trillion of local government debt held by 12 state-owned and private banks threatens earnings and dividends, the Wall Street bank finds

The bank reduced earnings estimates due to an uneven economic recovery and stronger forecast for the greenback versus the yuan

GDP will increase 4.5% in 2023, down from a previous projection of 5.3%, the bank’s economists predicted

Goldman Sachs ICBC Wealth Management will offer a series of products for the Chinese market, including quantitative investment strategies and cross-border wealth management products

Rollback of Trump-era duties could moderate U.S. inflation, though major cuts before November election are unlikely, Goldman economists say

The premier says everyone should ‘add a sense of urgency’ to counter ‘further intensified new downward pressure’ on the economy

The notes’ spreads have started widening again after March’s swing

Move puts three partners in charge of the U.S. banking giant’s massive push into China as JPMorgan, Credit Suisse and UBS China chiefs step down

Economists disagree on cost of mandatory free testing as Nomura predicts 1.8% of GDP and a drag on growth while Goldman puts it at 0.2% and calls it stimulative

China’s economy expands 4.8% year-on-year in the first quarter. The president of China Merchants Bank is removed from his position

Yin Zhongjie takes over long-delayed wealth management project from Gu Jiangang, whose former subordinates were caught up in a probe

Finance industry titans are joining those in other sectors that have already said they’ll halt business in the country

The MSCI Asia Pacific Index tumbled as much as 2.1% to a three-week low, after Russian President Vladimir Putin ordered troops to separatist regions in eastern Ukraine

As China tears down barriers to foreign investment banks, the U.S. group is looking to expand in all four of its business lines

South Korea, Indonesia, Singapore, India, Malaysia and Japan all recorded capital inflows into corporate debt in the three months through Jan. 18

Report delves into future investment needs and makes dozens of recommendations for the country’s financial markets