(Bloomberg) -- UBS AG's Chinese securities venture
will arrange its first share sale in the world's fastest-growing
stock market after Western Mining Co. wins regulatory approval
for a Shanghai initial public offering.
Getting the go-ahead from the China Securities Regulatory
Commission at a hearing on June 5 will allow Zurich-based UBS to
join Goldman Sachs Group Inc. as the only global investment
banks that can arrange share sales in China. Foreign firms can
only underwrite yuan stock sales through local ventures.
Read more at Bloomberg Emerging Markets News
will arrange its first share sale in the world's fastest-growing
stock market after Western Mining Co. wins regulatory approval
for a Shanghai initial public offering.
Getting the go-ahead from the China Securities Regulatory
Commission at a hearing on June 5 will allow Zurich-based UBS to
join Goldman Sachs Group Inc. as the only global investment
banks that can arrange share sales in China. Foreign firms can
only underwrite yuan stock sales through local ventures.
Read more at Bloomberg Emerging Markets News
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