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Subject: Strategic finance reform takes shape in China
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Discover what brokerage mega-mergers mean for global capital markets

https://click.b.economist.com/?qs=ae6e319702a918275ca45088bdb28250ff4a6634630d551ed934c10a3b3804ba7407d6d3f5811d0b9cdf55b427abbcdddbd18a8c523454e5e337a6be14b18306 
  
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Read in browser

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January 16th 2026

https://click.b.economist.com/?qs=ae6e319702a918271410f816d298decbf4b7fed7f85d3ceab2f1d1c3af2b1b0a126e0e12442cfe737d01422a099515d0285002494266b80a83318e7cb2820975

Marlon,

China&rsquo;s latest wave of state-led financial consolidation is reshaping how capital is raised, priced and deployed. The merger of several major brokerages marks a strategic shift&mdash;one aimed at scaling offshore RMB markets, supporting Belt and Road financing, and reinforcing China&rsquo;s role in global capital flows.

In this article, EIU analysts examine what this consolidation means for market structure, financial access and the internationalisation of China&rsquo;s currency.

Whether you&rsquo;re managing risk, allocating capital, or shaping policy, early insight into these developments can help you prepare for a more fragmented and competitive financial environment in 2026.

https://click.b.economist.com/?qs=ae6e319702a918271410f816d298decbf4b7fed7f85d3ceab2f1d1c3af2b1b0a126e0e12442cfe737d01422a099515d0285002494266b80a83318e7cb2820975 
Read more

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<div class="preheader" style="font-size: 1px; display: none !important;">Discover what brokerage mega-mergers mean for global capital markets</div>
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China&rsquo;s latest wave of state-led financial consolidation is reshaping how capital is raised, priced and deployed. The merger of several major brokerages marks a strategic shift&mdash;one aimed at scaling offshore RMB markets, supporting Belt and Road financing, and reinforcing China&rsquo;s role in global capital flows.<br>
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In this article, EIU analysts examine what this consolidation means for market structure, financial access and the internationalisation of China&rsquo;s currency.<br>
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Whether you&rsquo;re managing risk, allocating capital, or shaping policy, early insight into these developments can help you prepare for a more fragmented and competitive financial environment in 2026.</span></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="left" border="0" cellpadding="0" cellspacing="0">
 
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