Banking on Chinese deal bonanza

Dealmaking in China is off to a solid start in 2014 but most bankers advising companies in the Middle Kingdom may still struggle to make money.

Banking on Chinese deal bonanza

Investment bankers in Asia were busy in December celebrating distressed asset management firm Cinda's $2.4 billion initial public offering, the biggest IPO out of China for about a year. However, those bankers are now still waiting for their pay cheque.

The company told arranging banks that they would only know the fees they would be paid up to three months after deal closure and would have to wait up to six months to receive...

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