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KM Financial Solutions | China brokerages launch funds to aid cash-strapped private firms
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China brokerages launch funds to aid cash-strapped private firms

01 Nov China brokerages launch funds to aid cash-strapped private firms

Posted at 09:58h in News by
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Eleven Chinese brokerages have
committed 25.5 billion yuan ($3.70 billion) to a
recently-announced asset management scheme that aims to
eventually channel over 100 billion yuan into cash-strapped
listed firms plagued by pledged share woes, an industry
association said on Friday.

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