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Market news: Asia media round-up

June 30, 2009  

From Pamela Tang

Hong Kong firms will be able to use the renminbi to settle trades with Chinese companies from next month, while concerns rise in mainland China over the percentage of new loans being used to enter the equity market. Also, Japan’s industrial output rose for the third straight month in May, while a gold bullion market begins in India.

Asiamoney rounds up the major financial news stories in the media today in Asia.

CHINACompanies in Hong Kong will be allowed to use the renminbi to settle trades with their counterparties in five major Chinese cities as soon as next...


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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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