HONG KONG -- The fees Wall Street's top banks earn from advising Chinese clients on international deals recovered in 2024 as tighter domestic listing rules pushed companies to look to Hong Kong and the U.S.
Morgan Stanley and J.P. Morgan raked in the most income from advising Chinese clients on stock and bond issuances in international markets last year, according to a report published by Dealogic on Friday. The investment banking industry collected a total of $1.37 billion from such work, up 60% from 2023, when the lowest figure since at least 2018 was recorded.
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