One of the greatest untapped markets for global banks right nowis Shenzhen, a city in southern China near Hong Kong, according toReuters. Last year, it hosted an average of one IPO per businessday—more than London, New York and Hong Kong combined.

So far, the banks, brokers and retail investors participating inShenzhen's mostly smaller public offerings have been mainly local,but China plans to create a mini-Hong Kong financial hub in thecity and ultimately aims to put Shenzhen on the level of London orNew York. A handful of global banks like Morgan Stanley andCitibank won approval to do business in China last year. Whileglobal bank's previous dealings in China via joint ventures havefocused on large offerings and privatizations of state-ownedcompanies, experts say in the future, small and medium sizedbusinesses will be the driving force for capital markets.

For the full story.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.