China Ices International Banks from its IPO Market
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The commercial cold war with China isn't limited to technology.
China's stock market has seen 109 initial public offerings so far this year. The number of listing US banks have been involved in? Zero. Zilch. Zippo. In fact, foreign banks' overall involvement in Chinese IPOs has fallen to the lowest rate on record, according to Dealogic data dating back to 2009, as reported by the Financial Times this weekend.
Source Fool.com
