Credit Suisse targets long-term ties with Chinese firms
Aware that elephant IPO deals will diminish in number, the Swiss bank is targeting long-term relationships with Chinese companies to secure M&A and follow-on deals that can help to compensate for this trend, its China bankers tell asiamoney.com.
Despite a fast-flowing stream of IPOs by Chinese firms in the second half of this year, Credit Suisse stresses that the trend won’t last forever.
With a finite number of state-owned enterprises in China that are still to list, the Swiss firm says it is important for banks to
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