- Guolian Securities soared as much as 10% in Shanghai
- Improvement in risk indicators to help brokerages: CICC
Chinese brokerages surged after authorities pledged to let them expand the use of capital and signaled support for more acquisitions.
Guolian Securities Co. soared as much as 10% in Shanghai, leading gains among peers. Citic Securities Co., Shenwan Hongyuan Group Co. and Huatai Securities Co. also advanced. Meanwhile, China International Capital Corp. shares jumped as much as 9.5% in Hong Kong.
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