Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia

Q: How long will it take to read this news story?

The story "Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia" has 575 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia" was covered 10 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 35 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21652274</li><li>URL: https://beamstart.com/news/chinese-state-owned-brokerage-to-17211316242942</li></ul>

Channel News Asia Logo Channel News Asia 10h ago

Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia - Channel News Asia

Quick Summary:

SINGAPORE: A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in the region amid a sluggish market at home.

There's unlikely to be a turnaround in the trend in the near future, with official data on Monday showing China's economy posted a growth of 4.7 per cent in the second quarter, which was below expectations of 5.1 per cent and Beijing's broader goal of around 5 per cent.

CGS International Securities is also in the process of securing a license to help manage initial public offerings (IPOs) in Malaysia, said Jason Saw, its group head of investment banking.