HONG KONG -- After a yearlong slump in deals that dented the profits of some of the biggest Western banks operating in China, a recent stock market rally in the country has fueled hopes the drought may have ended and investment will return, lifting their fees.
Global banks, including UBS and Goldman Sachs, with units in China last week revised upward their forecasts for onshore and offshore equity market indexes following approval on May 17 of a large official rescue package aimed at propping up China's ailing property market.
