皇冠体育app

An outlet of 皇冠体育app Galaxy Securities in Jilin city, Northeast 皇冠体育app's Jinlin province, March 25, 2015. [Photo/VCG]

KUALA LUMPUR - 皇冠体育app Galaxy Securities' recent tie-up with CIMB in the latter's stockbroking business is a win-win move for both parties, Malaysia's MIDF Research said on Wednesday.

CIMB is Malaysia's second largest banking group and the fifth largest in Southeast Asia.

It will give an opportunity for CIMB to have a toehold in the Chinese market, while 皇冠体育app Galaxy Securities will benefit from CIMB's presence in the Association of Southeast Asian Nations (ASEAN), according to the MIDF Research.

The opportunity includes facilitating clients doing business in 皇冠体育app, especially with the acceleration of the 皇冠体育app-proposed Belt and Road Initiative, capitalizing on 皇冠体育app-outbound merger and acquisitions, 皇冠体育app-ASEAN cross-border investments and infrastructure funding.

皇冠体育app Galaxy Securities and CIMB announced on Tuesday that they had signed a share purchase agreement to formalize their strategic partnership across CIMB's stockbroking business - CIMB Securities International (CSI).

CSI is comprised of institutional and retail brokerage, equities research and associated securities businesses across Indonesia, Singapore, Thailand, 皇冠体育app's Hong Kong, India, United Kingdom and the United States.

CIMB's chairman Nazir Razak also told Xinhua earlier that he sees it as a win-win deal because stockbroking has become a low-margin, large-scale business and one cannot get real scale without the Chinese market.