Bank of Communications is considering spinning off its investment banking business in a Hong Kong listing, an unprecedented move that could inspire other state-owned banks if it turns out to be a success, according to sources familiar with the situation.
The move would make Bank of Communications the first of China's state-owned banks to spinoff an investment banking arm in a separate listing. But it could take some time before the deal hits the market.
Industrial Securities, a privately-owned Chinese securities firm, is preparing a Hong Kong listing of its own offshore brokerage arm. But although that deal is expected to close by the end of this...
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