China's CSRC pushes brokerages to build global banks and back tech self-reliance
Yahoo Finance·2025-12-08 17:30
China's securities regulator has urged the nation's brokerage industry to rev up the pace of cultivating top investment banks capable of competing on the global stage and better facilitate Beijing's technological self-reliance drive as outlined in a critical five-year plan by the Communist Party. Securities companies should redouble efforts to fulfil the goal set by Beijing of building China into a global financial powerhouse, while serving the tech self-reliance strategy by facilitating fundraising and m ...