11-03-2015, 11:14 AM
It should be a very positive to China bank, with a highly profitable biz of brokerage in China...
China stocks rise; surge in banks offset brokerage losses
(Reuters) - China's main stock indexes recouped early losses and posted their biggest daily gains in more than a week on Monday, as a surge in banking stocks offset losses in brokerages.
China's securities regulator said on Friday it is considering issuing brokerages licenses to banks, potentially creating a new revenue stream for lenders and intensify competition in the brokerage industry.
Investment bank China International Capital Corp (CICC) said in a report on Monday that Bank of Communications (BoComm) and Industrial Bank Co Ltd will likely become the first lenders to be awarded brokerage licenses in China.
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http://www.reuters.com/article/2015/03/0...0020150309
China stocks rise; surge in banks offset brokerage losses
(Reuters) - China's main stock indexes recouped early losses and posted their biggest daily gains in more than a week on Monday, as a surge in banking stocks offset losses in brokerages.
China's securities regulator said on Friday it is considering issuing brokerages licenses to banks, potentially creating a new revenue stream for lenders and intensify competition in the brokerage industry.
Investment bank China International Capital Corp (CICC) said in a report on Monday that Bank of Communications (BoComm) and Industrial Bank Co Ltd will likely become the first lenders to be awarded brokerage licenses in China.
...
http://www.reuters.com/article/2015/03/0...0020150309