CICC Rebuilds IPO Pipeline to Focus on ‘Most Promising’ Deals

China International Capital Corp. is rebuilding its pipeline of initial public offerings and conducting thorough due diligence as scrutiny has grown after a boom in Hong Kong share sales.

The current deal surge has been a “big challenge” for investment banks and there’s now a focus on “the most promising deals,” CICC President and Chief Financial Officer Wang Shuguang said in a Bloomberg Television interview on Monday.