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Chinese brokerages’ AUM down for the first time in six years

The Chinese securities brokerage industry has seen its asset under management (AUM) level dip for the first time in six years, in 2017, amidst the government’s deleveraging drive, according to the latest data published by the Asset Management Association of China (AMAC) this week. The AMAC data showed that the industry lost 11.7% of their AUM in the 12 months…

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