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This year is shaping up to be the worst in at least a decade for investment-banking fees from Chinese companies doing deals outside of mainland China. Keywords: wsjfinance-asia; Banking; Financial Investment Services; Investment Banking; Banking/Credit; Financial Services; Investing/Securities; Asia Pacific; Asia; BRICS Countries EN wsjfinance-asia Banking Financial Investment Services Investment Banking Banking/Credit Financial Services Investing/Securities Asia Pacific Asia BRICS Countries N.PAG N.PAG 1 11/09/23 20231108 NES 231108 Selling Chinese companies to global investors is no longer a money machine for Wall Street China has become a losing proposition for Wall Street firms, forcing a reassessment of their investment-banking prospects in Hong Kong. [Extracted from the article]

China's President Xi Jinping is expanding investigations into the country's real estate industry, targeting not only property developers but also bankers and financial institutions that facilitated risky behavior. This move comes as China's property bust threatens the country's economic recovery. Xi has made it clear that he wants to discipline the real estate industry, which once made up a significant portion of China's economy. However, economists warn that these widening probes may distract from more substantive measures needed to stabilize the property sector and prevent a wider financial crisis. [Extracted from the article]

The article offers information on initial public offering (IPO) in January 2016 in the U.S. Topics discussed include the effect of Eurozone crisis, fall in global stock market, and the debt rating of the U.S.; views of Eddie Yoon, portfolio manager of the Fidelity Select Health Care Portfolio, on raising their capital by companies; and stock performance for IPO, success of technology and Internet startup companies, and diminishing access to public funding biotechnology companies.