China s battered brokerages energised by Beijing s consolidation blueprint seeking to foster world-class giants scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Guolian Securities plans to buy a 95.48 per cent stake in unlisted Minsheng Securities, in an acquisition that is expected to make it a top-20 brokerage.
A Hong Kong judge ordered Evergrande, a troubled property investment firm in China, to liquidate after saying the company had not bothered to offer a viable debt restructuring