China Renaissance hires MacInnes to lead US arm

The move comes after a probe from the Chinese authorities.

The investment bank seeks to bolster its Hong Kong IPO franchise as the city is preparing to allow dual-class shares.

The boutique is hiring from the buy-side in an effort to be a full-service bank. CEO Bao Fan speaks to FinanceAsia about expansion plans.

With an eye on China's growing health needs, the investment bank brings in a veteran sector expert to focus on IPOs, M&A and private placements in the healthcare industry.

As an investor and underwriter for companies listing on Shanghai's Nasdaq-style tech board, China Renaissance's chief executive Bao Fan urges China to allow for large-scale class-action lawsuits to boost investor confidence.

The boutique Chinese investment bank reckons it can secure mandates from overseas-listed Chinese firms keen to return home, but with IPOs still suspended it will be a hard sell.