Gulf pot of gold, China’s unemployment problem

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 23 June 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investment banks like HSBC and Citigroup are beefing up teams in the Middle East to rake in juicy IPO and M&A fees. In this Viewsroom podcast, Breakingviews columnists discuss why early investment is paying off. Also, the People’s Republic’s jobs crisis is likely to worsen. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:27.8	Alive in every drop.
0:35.8	The views expressed on this podcast are those of the participants, not of Roiders' news.
0:43.2	Up next, we're talking about the bonanza of investment banking fees in the Middle East and Chinese job market woes.
0:48.2	Welcome back to the Viewsroom, the podcast from Reuters breaking views where columnists from around
0:53.3	the world talk about the big
0:55.1	stories of the week. I'm your host, Amy Donnellan, coming to you from London. Investment banks are
1:00.9	finding rich bounty in the desert. HSBC Citigroup and Bank of America are just a few big names that
1:06.5	are bolstering their teams in the Middle East to take advantage of a flurry of IPOs and M&A activity.
1:12.2	The soaring price of oil has enriched the region's big nesters like Saudi Arabia's Crown Prince
1:17.4	Muhammad bin Salman's $500 billion public investment fund. Banks are also likely to continue this
1:23.6	Gulf scramble as the US and European IPO markets have only raised $21 billion since January.
1:30.3	That's against a total of $219 billion in the same period in 2021.
1:35.3	Meanwhile, China is dealing with soaring unemployment.
1:39.3	Nearly one-fifth of the 16 to 24-year-olds in the world's second largest economy are not working. The problem
1:45.7	is particularly acute in the services sector of cinemas and restaurants which have been the
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