Credit clamps push smaller brokers to brink

Smaller brokers in Hong Kong are losing clients, and some are on the verge of shutting down as credit limits by banks constrain them from offering margin financing to buyers of iBonds.

More than 525,000 Hongkongers subscribed for the inflation-linked government bonds this year, figures from the Hong Kong Monetary Authority last week show. That compared with 330,000 orders last year and 155,000 in 2011.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1262454/credit-clamps-push-smaller-brokers-brink