China banks

Bankers to cash in on China's SOE reforms

Reform of China’s sprawling state-owned enterprises is generating lucrative assignments for bankers. However they must be in it for the long-haul as change will take time.

Reform of China’s sprawling state-owned enterprises is generating assignments for investment bankers, from restructuring advice to combing the globe for potential investors.

On Tuesday, Chinese officials named healthcare giant Sinopharm and conglomerate China National Building Materials among the next wave of SOEs seeking private investment, underlining how the government is now stepping up its efforts to reform the country's bloated state sector. Investment bankers seem only too ready to help.

Chinese banks such as China International Capital Corp. CICC have home advantage but foreign players also look set to land lucrative contracts.

“SOE reform means a more positive long-term outlook for...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222