Hong Kong’s many small brokerage houses should consider merging to enhance their competitiveness, the newly elected lawmaker for the sector says.

Christopher Cheung Wah-fung won the Legislative Council seat representing stockbrokers, futures traders and gold dealers.

In his first interview after last week’s election, Cheung told the South China Morning Post he would keep his campaign promise to lobby the government to introduce measures to help brokers survive the tough market.