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China Deal Slump Sends Bankers' Fees to Decade Low - The Wall Street Journal

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China has become a losing proposition for Wall Street firms, forcing a reassessment of their investment-banking prospects in Hong Kong.

American and European investment banks prospered in the Asian financial hub over the past decade by helping hundreds of Chinese companies raise money from international stock and bond sales. They also profited from advising on cross-border acquisitions and investments during China’s prepandemic economic boom. The money train made

Wall Street an advocate of engagement with China, even as political tensions grew between Washington and Beijing. 

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November 07, 2023 at 11:00AM
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China Deal Slump Sends Bankers' Fees to Decade Low - The Wall Street Journal
"low" - Google News
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