SG's Poirier bearish on China underwriting

SG China country head, Marc Poirier, discusses the pitfalls of the Chinese stock market and why he''s not chasing a domestic underwriting license.

There's a lot of excitement, or perhaps hype, about China's capital markets. A French bank recently set up a joint venture in China, which will enable it to underwrite IPOs and bond issuance, and perhaps carry out brokering further down the road. SG has had a long presence in China What's your take on how to tackle this market

Poirier There's always a temptation in business to relive past business models. In fact, investment banking is changing...

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