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| David Nealis President Blue Bridge |
China's Citic is planning expansion into US market
Citic Securities Co., Which is China's largest brokerage firm by market value, is planning to enter the US market, Citic Securities initial goal is to secure a bigger role in helping Chinese companies expand abroad, the Wall Street Journal reported, quoting people familiar with the matter. Fresh from its US$ 1.7 billion IPO inHong Kong in October 2011, Citic Securities has applied with US regulators for a securities license that would allow it to underwrite stocks and bonds in the world's largest economy, the report said.
Citic Securities Co., Which is China's largest brokerage firm by market value, is planning to enter the US market, Citic Securities initial goal is to secure a bigger role in helping Chinese companies expand abroad, the Wall Street Journal reported, quoting people familiar with the matter. Fresh from its US$ 1.7 billion IPO in
Quoting Thomas Friedman “The World is Flat”; This should be a wake up call for all of the US brokerage firms who haven’t considered entering the Greater China Market, what were once only players in their domestic markets are now entering your domestic market.
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