Hu Jintao pledges open China amid 30-year celebration BEIJING (AFP) - Chinese President Hu Jintao pledged Thursday that China would never turn back on its path of opening to the world, as he led celebrations for the nation's 30 years of spectacular economic reforms. Dealmakers wrestle for next big China bank IPO Morgan Stanley, Merrill Lynch and rival investment banks are jostling to underwrite a $10 billion listing of Industrial & Commercial Bank of China, potentially the mainland's biggest IPO and one that could yield $300 million in banking fees.
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