CLSA and the state of independence

Hong Kong's stock market investors know CLSA. The brokerage's distinctive yellow and blue reports are colourful and clearly written. While the firm only deals with institutions, everyone active in this market has at some point placed their hands on the brokerage's ubiquitous research, which frequently moves the market in Hong Kong and the region.

International acquisitions by mainland firms are almost commonplace these days, but Citic Securities' recent announcement of its US$1.25 billion purchase of CLSA drew considerable attention.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1031678/clsa-and-state-independence