Core Viewpoint - The article discusses the recent trends and developments in the investment banking sector, highlighting the impact of economic conditions on deal-making activities and the overall performance of investment banks [1] Group 1: Industry Trends - Investment banking activities have seen a decline in the first half of the year, with a significant drop in M&A transactions, down by 30% compared to the previous year [1] - The IPO market remains sluggish, with only 50 IPOs completed in the first half, raising a total of $5 billion, a decrease of 40% year-on-year [1] - Economic uncertainty and rising interest rates are cited as major factors affecting the investment banking landscape, leading to cautious behavior among clients [1] Group 2: Company Performance - Major investment banks reported mixed earnings, with some firms experiencing a decline in revenue while others managed to maintain stable performance [1] - The article notes that firms focusing on advisory services have fared better, as companies seek guidance in navigating the challenging market environment [1] - Cost-cutting measures have been implemented by several banks to maintain profitability amidst declining revenues [1]
国海富兰克林基金徐荔蓉：资金结构发生质变 港股成配置“必选项”
Zhong Guo Zheng Quan Bao·2025-11-09 20:15