In August 2001, Credit Suisse First Boston (CSFB), a major international investment bank by the foreign underwriting team that would handle a pending stock offering for China Unicom Group Ltd., the second largest telecommunications companies in the Chinese mainland. Only two months earlier, CSFB was called to deal with the U.S. portion of the offering. But after the Bank hosted foreign investment “roadshows” by senior government officials from Taiwan (including … Read More »visited

In August 2001, Credit Suisse First Boston (CSFB), a major international investment bank by the foreign underwriting team that would handle a pending stock offering for China Unicom Group Ltd., the second largest telecommunications companies in the Chinese mainland. Only two months earlier, CSFB was called to deal with the U.S. portion of the offering. But after the Bank hosted foreign investment “road shows” accompanied by senior government officials from Taiwan (including the Treasury), it was officially canceled by the Underwriters China Unicom list. The incident provoked criticism from governments in the U.S. and Taiwan and widespread activity in investment banking circles as several other banks dropped plans roadshows for Taiwan to host.
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from
Michael J. Enright,
Vincent Mak
Source: University of Hong Kong
20 pages.
Release Date: 02 January 2002. Prod #: HKU187-PDF-ENG
CSFB China Unicom incident HBR case solution