China financial firms seek control deals in outbound M&A

Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.

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Haitong Securities flat in HK debut after $1.7 billion listing

Shares of Haitong Securities Co Ltd, China's second-biggest broker by assets, were little changed in its Hong Kong debut on Friday, as concerns over Europe's debt troubles dampened investor demand for new listings.

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