China stock rally fuels hopes for more deals for Western banks

From Nikkei Asia: 2024-05-26 17:00:00

Global banks, like UBS and Goldman Sachs, are optimistic about a rebound in investment in China after a yearlong slump in deals. A recent stock market rally in China has boosted hopes of increased fees for Western banks with units in the country. The approval of a rescue package on May 17 is expected to lift both onshore and offshore equity market indexes.



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