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Monday, 01/12/2004 11:26:46 PM

Monday, January 12, 2004 11:26:46 PM

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China: More Brokerage Mergers Tipped
Source: Internet Securities, Inc.

More mergers are expected in the mainland's struggling securities sector after the fifth-biggest brokerage, China Southern Securities, was taken over by the authorities for accumulating losses of more than eight billion yuan (HK$7.55 billion), according to industry sources.

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