Reform of China’s sprawling state-owned enterprises is generating assignments for investment bankers, from restructuring advice to combing the globe for potential investors.
On Tuesday, Chinese officials named healthcare giant Sinopharm and conglomerate China National Building Materials among the next wave of SOEs seeking private investment, underlining how the government is now stepping up its efforts to reform the country's bloated state sector. Investment bankers seem only too ready to help.
Chinese banks such as China International Capital Corp. CICC have home advantage but foreign players also look set to land lucrative contracts.
“SOE reform means a more positive long-term outlook for...
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