Glitch and glamour of Chinese IPOs

The allure of public listings has been tarnished by offshore scandals while banks are tightening their lending, forcing CEOs of China’s most dynamic companies to look to new funding sources.

Investment banking: Do more due diligence

Consultants hired by banks to help vet potential clients for initial listing say some investment banks are spending less than ever on due diligence, even as more fraudulent companies are exposed.