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This upstart Chinese brokerage is now bigger than Credit Suisse

Shares in the online broker and market data provider have rocketed 78 per cent this year, giving it a market value of more than 200 billion yuan ($29 billion)

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East Money has found a sweet spot with tech-savvy youth as millions, stuck at home amid the coronavirus, turned to stock trading

Bloomberg
East Money Information, founded by a 49-year-old former stock commentator, is one of the big winners in China’s wildest stock frenzy in half a decade.

Shares in the online broker and market data provider have rocketed 78 per cent this year, giving it a market value of more than 200 billion yuan ($29 billion). That puts it among the world’s biggest traded institutional brokers, making it more valuable than even Credit Suisse, according to the Bloomberg data.

Its founder, a former analyst and columnist who goes by his pen name, Qi Shi, has become very rich. After starting the firm in 2005