US BANKERS TO BROADEN ROLE IN CHINA MARKET

US BANKERS TO BROADEN ROLE IN CHINA MARKET

U.S. investment bankers Salomon Brothers Inc. said it expects to broaden its participation in the Chinese market, helping to raise capital for the steel, power, transportation, telecommunications and financial services industries.

Deryck C. Maughan, Salomon's chairman and chief executive, said the firm is handling a global offering of Ma'anshan Iron & Steel Corp.'s "H" shares, which will be listed in Hong Kong in mid-October.