Can anyone provide info on how GS/Gao Hua has been performing in China this past year or so? What are their strengths?
I know most securities brokerages on the mainland make their money from cash equities retail commissions and that IPOs are dead but aside from that haven't been able to find much info on gao hua.
| +166 | How to stop feeling like shit for not making it in IB? | 60 | 39m | |
| +120 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 4h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 1h | |
| +39 | Ranking banks that went under | 24 | 12s | |
| +38 | Burnt Out M&A ASO | 20 | 1h | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 6h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 1d | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Not very sure on their performance in China but isn't it gao sheng instead of gao hua?
gao hua securities is the JV they set up
gaosheng is just the chinese name for goldman sachs. goldman sachs gao hua is the joint venture goldman started with gao hua securities in china to conduct investment banking activities. gs has a pretty strong wealth management presence there--investment products to institutional/high net worth clients. otherwise, i'm pretty sure ubs has the biggest cut of the underwriting business for a foreign bank in china and if you want to do banking on the mainland...just go with cicc. last time i was in china, gs still had a pretty bad rep from li delin's "the goldman sachs conspiracy" book. i also thought citi was strong in china, but that might just be commercially speaking.
^ Citi or CITIC? I think you mean the latter...
Nice, I didn't know that.
I meant citi as a commercial banking presence. they do some underwriting work as well, but I haven't heard much out of their JV (citi orient securities co). don't know much about citic, I really only hear cicc being thrown around.
Ipsum non ut eos consequatur nobis ut officiis. Nobis incidunt maiores id et provident eligendi autem.
Laboriosam quo hic doloribus ea esse quisquam nihil laudantium. Quam aliquid accusamus alias non. Et quas fugit corporis maiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...