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CITIC Securities’ teams up with China Renaissance to serve Internet firms

May 14, 2015 creative china, companies, internet, investment-bank, other-finance, own-brokerage, products-come, revenue-sources, stock-markets, strong-dollar, the-companies, while-sluggish

CITIC Securities Co Ltd, China’s biggest brokerage, will partner with boutique investment bank China Renaissance to provide M&A, restructuring and initial public offering-related services for Internet companies. Well-connected local firms like China Renaissance are seeing a boom as entrepreneur-driven private businesses, particularly in the technology sector, overtake state-owned companies to drive investment banking revenues in China.