CITIC Securities Co Ltd (6030.HK)
HONG KONG (Reuters Breakingviews) - CLSA will survive the departure of its bosses. Jonathan Slone is quitting, shortly after its chairman left. The moves have led to whispers of a culture clash with China’s Citic Securities, which bought the Hong Kong brokerage for $1.3 billion in 2013. Bank mergers are always challenging. Still, it’s too early to write this one off.
SHANGHAI/BEIJING, Oct 30 China's biggest brokerage CITIC Securities Co Ltd reported on Tuesday a 42 percent drop in third-quarter earnings on shrinking investment returns.