Friday, September 30, 2016

Investing In Chinese Banks Isn't As Profitable As In Golden Era?!? I Wonder Why

China bank IPOs not as profitable as in 'golden era'

Jamie Dimon and Sergio Ermotti starred in the roadshow promoting Postal Savings Bank of China Co's share sale. Yet the executives' participation in this year's biggest initial public offering also serves as a reminder that investing in Chinese banks isn't what it used to be. When China's fifth-largest bank priced its $7.4 billion share sale last…