China banks see big drop in equity underwriting

A flood of share offerings seen in 2022 across bourses in Shanghai, Shenzhen and Beijing dramatically slowed this year. — Reuters

Beijing: Chinese brokerages fell from the top of the global equity-underwriting league tables this year as offerings slowed in mainland markets, a consequence of the country’s tightened regulations amid an economic slump.

Goldman Sachs Group Inc reclaimed the title of the busiest equities underwriter worldwide from Citic Securities Co, which slid down to the sixth spot in this year’s league table compiled by Bloomberg.