Banking: What lies behind China’s opening door?
Today, CICC, whose business stretches across capital markets, M&A advisory, sales and trading, research, asset management and private equity, is one of China’s leading investment banks. Unlike many local securities firms, it practises best international standards, attracts talented people and is focused in what it is doing.
“They are leaps and bounds ahead of us,” says an investment banker. “We won’t catch them in the next few years. We view them as the benchmark.
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