CLSA has been forced to scale back its flagship Tokyo investor forum because of the sensitivities of its state-backed Chinese parent.
The institutional broker and investment group has held the event annually since the early 2000s but it will not be taking place in Tokyo this year in its usual form, say people familiar with the matter.
CLSA, which is owned by Citic Securities, China’s largest investment bank, has been forced to make the decision, according to the people, due to a diplomatic spat between Beijing and Tokyo which has escalated since last year.
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