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CHINA - Tianjin plots financial re-launch

September 26, 2007  

Thanks to its patronage by powerful politicians, the industrial port city has set its sights on regaining global prominence on the back of unfettered development and a growing economy. It has applied to host China's third major stock exchange and is acting as a test case for domestic investors buying unlimited Hong Kong securities directly. Elliot Wilson assesses the city's aspirations to become a major financial hub.

Every Chinese leader strives to leave an architectural legacy, often in the form of the creation or re-emergence of a great industrial city. Deng Xiaoping, who opened China to the global market place in 1979, left behind the gaudy commercialism...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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