FinanceAsia What are the prospects for the China investment banking market next year
David Chin We believe the market will be around $15-20 billion next year, although these will be off the back of relatively small number of very large transactions - Bank of China, China Telecom southern. The northern part will come later, possibly in 2003. On the secondary side, China Unicom will do both A-shares and overseas issues. China Mobile is considering doing China Depositary Receipts in China, and the Chinese oil companies will probably be financing their operations through the A-share markets.
He Di China Merchants Bank and Citic Securities will also probably access the equity market locally. And next year,...
