Top Chinese investment bank may IPO

The Financial Times reports China International Capital Corporation is considering an IPO.

Read: China’s imports, exports rebound in July

Chief executive Levin Zhu, “the ‘princeling’ son of a powerful former premier, had long rebuffed suggestions that it list, wary of the disclosure requirements. But with the brokerage struggling to keep up with its rivals over the past few years, some in the firm now believe it needs to raise capital to remain in China’s first tier,” explains the report.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.