6 days ago • Posted by Djellza Kolloni

Following the Didi scandal, Wall Street banks are redirecting China IPOs to Hong Kong

Chinese official's intervention has placed further US listings into doubt, prompting a hurry to reroute agreements. For banks like Goldman Sachs and Morgan Stanley, advising Chinese companies on IPOs has been a lucrative industry, with fee revenue of $460 million in the first half of the year. Source: Financial Times