State behemoths don't need the cash. Commercial banking is getting crowded and tech giants are barging in. That leaves little, if anything, for foreign investors to get their teeth into.
The country’s 14th largest brokerage by net asset value hopes to achieve a valuation premium to its peers. The Shenzhen-HK stock connect scheme will help.
A fifth Chinese securities firm of the year will list in Hong Kong, reflecting a trend of tapping the market in the SAR to avoid a logjam on the mainland.
China has scrapped a five-month rule requiring brokerages to hold daily net long positions in their proprietary trading accounts as the country's shares continue to stabilise.