China’s Haitong Securities
is hunting for more foreign acquisitions, including a European asset manager and US investment firm, to build on its take-over of Portugal’s Banco Espírito Santo de Investimento, which was completed yesterday.
Hiroki Miyazato, deputy chief executive of Haitong, told the Financial Times that the recent sell-off in Chinese equity markets had only made him more convinced about the need to diversify into western markets.
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