China creates its largest brokerage to take on Wall Street

China is set to merge Guotai Junan Securities with Haitong Securities, forming a new entity worth $230 billion. This strategic move aims to consolidate the financial sector and enhance global competitiveness. The merger awaits necessary approvals from boards, shareholders, and regulatory authorities. Brokerages have also become targets of Xi’s signature “common prosperity” campaign.

Business Maverick: China creates its largest brokerage to take on Wall Street

daily maverick - 06/Sep 03:36

China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7-trillion sector and build...

Business Maverick: China creates its largest brokerage to take on Wall Street

daily maverick - 06/Sep 03:36

China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7-trillion sector and build...

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

hindustantimes.com - 02/Sep 03:43

SEBI faces criticism over ICICI Bank's acquisition of ICICI Securities. Shareholders allege unfair terms and seek clarity on regulatory exemptions.

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

hindustantimes.com - 02/Sep 03:43

SEBI faces criticism over ICICI Bank's acquisition of ICICI Securities. Shareholders allege unfair terms and seek clarity on regulatory exemptions.

VRA workers reject move to merge NEDCo, Bui Power, ECG under one entity

myjoyonline.com - 04/Sep 18:28

The Staff Groups of the Volta River Authority (VRA) have voiced their opposition to a draft bill proposing the merger of VRA with the Bui Power...

VRA workers reject move to merge NEDCo, Bui Power, ECG under one entity

myjoyonline.com - 04/Sep 18:28

The Staff Groups of the Volta River Authority (VRA) have voiced their opposition to a draft bill proposing the merger of VRA with the Bui Power...

Ex-AirAsia India to be merged into AI Express

times of india - 09/Sep 01:55

Tata Group's Air India Express will merge with AirAsia India on October 1, 2024, reshaping India's low-cost carrier market. The combined entity will...