Mohit Mittal Promoted to PIMCO's CIO of Core Strategies | Chief Investment Officer
The 16-year veteran of the firm will report to group CIO Dan Ivascyn.
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The 16-year veteran of the firm will report to group CIO Dan Ivascyn.
* Edmond Hui, Bright Smart Securities: "This wave of closings and layoffs affecting brokerage houses is the most severe we have ever seen"A historic drop of $4.6 trillion in the capitalization of the Hong Kong Stock Exchange is being felt in the city's financial industry, according to a Bloomberg analysis, which shows that 30 local brokerage houses have closed this year after a record of 49 houses closed in 2022.
Thirty local brokerages have closed down this year, after a record 49 shut shop in 2022, as the Hong Kong stock market heads into its fourth year of declines, the longest losing streak in its history.
A historic slump in Hong Kong’s US$4.6 trillion stock market is rippling through the city’s financial industry.Thirty local brok...
The prolonged Hong Kong stock market slump is the reflection of a persistent slowdown in the economy. The historic slow growth in Hong Kong’s $4.6 trillion stock market has forced thirty local brokerages to close down this year