China to Ease Leverage Caps for Top Securities Firms Under New Financial Reform
Gist China’s CSRC will moderately relax leverage limits and other capital constraints for top-performing securities firms to strengthen their investment banking capabilities and global competitiveness. Average leverage at Chinese brokers is about 3.5× (around 5× for leading firms), leaving significant room to rise toward the >10× levels common at major global investment banks. Regulation will …
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