Ill-fated room jinxes China Telecom deal

It's all about location. Or when dealing with Chinese clients it had better be from now on. Investment bankers can no longer ride roughshod over their sensitivities about feng shui and karma. It would appear that Merrill Lynch and Morgan Stanley made exactly this mistake while China Telecom was trying to list in November - much to their cost.

It’s all about location. Or when dealing with Chinese clients it had better be from now on. Investment bankers can no longer ride roughshod over their sensitivities about feng shui and karma. It would appear that Merrill Lynch and Morgan Stanley made exactly this mistake while China Telecom was trying to list in November – much to their cost.

Four Seasons: the hotel may wait a long
time before its next booking from a
Chinese issuer

There have been two high-profile failures in China’s privatization process: CNOOC in 1999 and China Telecom’s 55% downsizing in November.