China’s fifth-largest bank has started gauging investor demand for an IPO of its offshore securities brokerage and investment banking arm, BoCom International Holdings.
China's eighth largest brokerage by assets also becomes No8 out of the top 10 to attempt a Hong Kong Stock Exchange listing. The IPO is the largest by a brokerage this year.
Similar to other state-owned banks, the post-to-banking lender’s Hong Kong listing is yet another deal dominated by investment from state institutions.
Foreign companies and local players are looking to expand in China's underdeveloped healthcare sector. But will they enjoy the returns they expect without an overhaul?