HONG KONG -- China International Capital Corp. (CICC), the country's leading investment bank, has proposed a merger with two smaller securities brokerages amid a wave of consolidation in the sector.
Finance
China's top investment bank CICC proposes merger with two smaller peers
Move with Cinda and Dongxing Securities would accelerate sector consolidation
CICC's merger proposal adds to a list of high-profile consolidation maneuvers in China's financial industry, as Beijing seeks to groom its own answers to the likes of Goldman Sachs and Morgan Stanley. © Getty Images
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