Foreign Investors Eagerly Eye Chinese Market
With 26% of the global IPO proceeds coming from Chinese issues, the world eagerly awaits the outcome of Investment banking ventures recently forged by the Credit Suisse Group and Morgan Stanley. The planned ventures, if approved by Chinese government regulators, will be between Credit Suisse and the Founder Group (a Chinese conglomerate), and Morgan Stanley with (Shanghai-based) China Fortune Securities Co.
Should the Chinese government approve such ventures, a surge of similar undertakings is being projected. China’s financial market is sharply booming and the rest of the world wants its piece of the action. But what hinders them is the fact that the Chinese financial market, at this point, is largely off limits to foreign investors.
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