(From South China Morning Post)
Byline: Raymond Ma
International Bank of Asia (IBA) is looking to tie up with major shareholder China Everbright to target mainland firms seeking Hong Kong listings ahead of the unveiling of a landmark scheme that allows mainlanders to invest in the local stock market.
IBA's executive vice-president for investment banking Betty Brow said the bank was betting on the qualified domestic institutional investor (QDII) scheme attracting mainland firms to list in Hong Kong.
"We are looking at forming an alliance with someone in China to go into the initial public offering [IPO] business, as QDII would encourage …