Citic Securities Said to Have Mulled Sale of Brokerage CLSA

Updated on
  • State-owned company’s management not currently pursuing a deal
  • Hong Kong has been expansion focus for China securities firms

Citic Securities Ltd., which bought CLSA Ltd. three years ago for about $1.2 billion, considered selling the Hong Kong-based brokerage earlier this year, people with knowledge of the matter said.

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