China Brokers Rebuild Ranks, Raise Pay on Dealmaking Return

China’s biggest securities firms are back on the offensive after taking a battering over the past few years.

Investment banking divisions of major brokerages, including Citic Securities Co., Huatai Securities Co. and CSC Financial Co., have in recent months recruited dozens of junior and mid-level bankers, according to people familiar with the moves, who asked not to be named discussing private information.