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The elements are all there to spark another investment banking gold rush. |
IT IS NO SURPRISE that Morgan Stanley’s debt capital markets bankers in China are confident. They struck gold in the second half of 2004 when they brought the first three China high-yield issues to market: Sino-Forest Corporation, Panva Gas Holdings and Asia Aluminum Holdings. These deals were greeted enthusiastically by investors and more of the same could prove to be a gold mine with one of the most lucrative fee veins for years.
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