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Tuesday, Jan 25, 2022

Broker Huatai International brings zero fee trading to Hong Kong, piles pressure on smaller rivals already struggling with thin margins

Broker Huatai International brings zero fee trading to Hong Kong, piles pressure on smaller rivals already struggling with thin margins

Hong Kong arm of China’s third-largest broker is no longer charging commissions and platform fees for stock trades, but just a $1 monthly fee. About 23 of Hong Kong’s brokers have ceased trading this year, exceeding last year’s record 22
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