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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (17034)11/29/2004 12:21:57 AM
From: RealMuLan  Read Replies (1) of 116555
 
60b yuan to fix brokerages
Pamela Pun

Beijing is spending 60 billion yuan (HK$56.4 billion) to help put the country's state-owned brokerage businesses in order before China's financial industry opens up to foreign competition and investment.

The central authorities have estimated that is the sum needed to put the brokerage industry in order following an investigation last September.

thestandard.com.hk
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