Boutique investment bank China Renaissance has set in motion a new business strategy the success or failure of which hinges on Beijing's ability to reanimate China's beleaguered capital markets.
The strategy will be spearheaded by a new team which will pursue Chinese companies listed on oversea's boards and usher them back to China, undoubtedly stressing the country's ample liquidity and the less demanding regulatory environment.
The goal of the strategy is to expand China Renaissance's investment banking business on the mainland, the statement said.
The Beijing-headquartered bank told FinanceAsia that the new team was set up in April and will expand to 15...
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