IPO Bankers Become Frogs in Hot Water Amid China’s Market Freeze

IPO Bankers Become Frogs in Hot Water Amid China’s Market Freeze

Adam Dean/Bloomberg

A man fans himself inside a trading room at a branch of Citic Securities Co. Ltd. in Beijing. Citic Securities was among the first to cancel the monthly allowance for their licensed bankers, the 21st Century Business Herald reported in October, citing unidentified people.