* Edmond Hui, Bright Smart Securities: ‘This wave of closings and layoffs affecting brokerage houses is the most severe we have ever seen’
A historic drop of $4.6 trillion in the capitalization of the Hong Kong Stock Exchange is being felt in the city and #39;s financial industry, according to a Bloomberg analysis, which shows that 30 local brokerage houses have closed this year after a record of 49 houses closed in 2022.
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