Top Chinese investment bank may IPO

By Staff | August 9, 2013 | Last updated on August 9, 2013
1 min read

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

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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.

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