Wall Street firms operating in China will face bigger rivals

The Oriental Pearl Tower, center left, Shanghai World Financial Center, center, and the Shanghai Tower, center right, stand among other buildings in the Lujiazui Financial District along the Pudong riverside in this aerial photograph taken above Shanghai, China, on Monday, April 2, 2018. Photographer: Qilai Shen/Bloomberg

As Wall Street firms start taking control of their operations in China, they may find the competitive landscape facing them shifting significantly over the next few years.

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