China Probes Banks as Underwriting Fees Drop Below $100 Amid Price War
July 17, 2025July 17, 2025 Underwriting fees in China’s bond market have fallen to shockingly low levels—under $100, triggering a regulatory probe into some of the country’s top investment banks. The crackdown comes as authorities try to rein in a worsening price war that’s eroding profit margins and destabilising…