Slim IPO pickings for Hong Kong investment banks

Hopes that 2013 will be a better year for investment banks in Hong Kong have yet to materialise. Indeed, the latest candidates poised for a listing - Sinopec Engineering and China Galaxy Securities - show no signs of yielding the juicy returns that have investment banks salivating and keep them in business. While the banks feel compelled to make an effort, they will earn little or next to nothing. The two mainland firms have continued the practice of hiring oversized syndicates.

via Business feed http://www.scmp.com/business/article/1194010/slim-ipo-pickings-hong-kong-investment-banks