ECONOMY - Hong Kong holds firm via love affair with spending

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ECONOMY - Hong Kong holds firm via love affair with spending

April 01, 2008 (Last updated: November 26, 2008)

While the territory's GDP is sure to be hit by a global economic slowdown, dependent as it is on an ailing United States and a decelerating China, residents need not panic. Strong savings rates and government efforts to combat inflation should leave this Asian financial hub in good stead. Ruth David reports.

As she happily chats over coffee and cake in a café in Hong Kong city centre, it seems hard to believe that Amanda Wong has lost HK$400,000 (US$51,000) in the stock markets in the last six months....

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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