IPO decrease forces strategy change at Chinese banks

05/8/2013 | Wall Street Journal, The

As initial public offerings slow in Hong Kong, Chinese banks are focusing on other business lines to compensate. "Last year, we began expanding our flow-based businesses such as fixed-income market making, prime service, trading and derivatives and alternative investment," said Yin Ke, vice chairman of CITIC Securities, the largest brokerage in China by revenue.

View Full Article in:

Wall Street Journal, The

Published in Brief: