By Benjamin Horney (April 19, 2017, 5:10 PM EDT) -- The government of China is putting together a group that will be one of the cornerstone investors in Saudi Aramco's planned $100 billion initial public offering, Reuters reported on Wednesday. According to the report, the Chinese consortium will include state-owned oil companies and banks, as well as the country's sovereign wealth fund. The fact that the Chinese group intends to invest in the IPO makes it likely that the Saudi Arabian state-owned oil company's IPO could take place in Asia, specifically Hong Kong. Reports late last month said that Saudi Aramco is working with JPMorgan Chase & Co., Morgan Stanley and HSBC to act as international financial advisers, with Moelis & Co. and Evercore appointed as independent financial advisers and NCB Capital and Samba Capital acting as local advisers. The IPO is expected to be the largest in history....
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