Wall St Bankers pivot as Chinese companies turn to local advisers and Covid restrictions weigh on demand
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Mercedes Ruehl and Leo Lewis in Singapore and Hudson Lockett in Hong Kong The world’s largest investment banks will earn more deal making fees in India this year than in China, a first that financiers describe as a historic reorientation as they diversify away from a decoupling Chinese economy. Foreign banks have pulled in $ 231 million in mergers and acquisitions (M&A) fees from India so far this year, according to Dealogic, beating the $ 204 million earned in China over the same…
