Posted inChina

Brokerages team up for management bailout plan

At least 11 securities brokerages have reached an agreement to invest 21 billion yuan (US$3.02 billion) to set up a parent asset management plan to ease the liquidity pressure of prospective listed companies amid the recent A-share slump, The Paper reported, citing an announcement by the Securities Association of China. The plan will serve as a guiding fund to […]

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