China's thriving brokerage minnows set to come under M&A spotlight

April 2, 2015 9:00 PM

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HONG KONG, April 3 (Reuters) - In the shoals of China's little-known stockbrokers, fast-growing firms like Southwest Securities Co may soon find themselves in the glare of a consolidation spree triggered by Beijing's drive to modernise the country's financial industry.

Nearly doubling profits last year on a stock market boom, Southwest is one of the more than 120 brokerages in China that will have to live with government plans to allow commercial banks and other finance firms to own a brokerage licence. The new rules are expected later in 2015, part of moves to op...

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