Chinese brokers to set up in Hong Kong

Six Chinese futures brokerages will soon get the green light to start derivatives broking operations in Hong Kong, says a source close to Hong Kong Exchanges and Clearing (HKEx).

The six brokers were given the green light by the China Securities Regulatory Commission (CSRC) earlier this year to trade outside the mainland. Currently, only 31 large industrial Chinese corporations have approval to trade in futures markets abroad for hedging purposes, but the latest move could result in more Chinese

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