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Will Huaxin Securities lay off employees?
Lay off.
The investment banking department of Morgan Stanley Huaxin Securities Co., Ltd. (hereinafter referred to as Morgan Huaxin) recently laid off 16 employees. People familiar with the matter said that last week, Morgan Huaxin laid off 16 people at one time, all of whom were in the stock group and bond group of the investment banking department. The laid off personnel are mainly at the vice president (VP) and manager (Associate) levels, and there are also individual senior executives. The specific list is unknown.
Huaxin Securities, also known as Huaxin Securities Co., Ltd., is a national comprehensive securities business institution registered and established in Shenzhen in March 2001 with the approval of the China Securities Regulatory Commission.
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