Class A share IPO pace adjustment continued investment bank staff redundancy, some securities firms to increase overseas business linkage "service" companies listed in Hong Kong

On June 24th, the reporter learned from the brokerage office that in order to achieve the multiple purposes of reducing the redundant costs of brokerage investment banks, improving the performance of investment banks, and increasing the income of investment banks, some brokerages with overseas subsidiaries, mainly leading brokerages, are increasing their overseas business layout. Unlike in the past, when the domestic investment bank Baodai connected the project to overseas subsidiaries, it is trying to participate more in the project. There are two main reasons behind it: more revenue; overseas subsidiaries have limited manpower, and class A shares IPO staff are redundant.