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China-Taiwan MoU seen as symbolic

November 17, 2009  

From Pamela Tang

The memorandum of understanding signed this week to improve financial services access between China and Taiwan will have limited impact, say analysts. They see it as testing political waters ahead of the full free-trade pact, expected to be signed early next year.

Analysts say the signing of a memorandum of understanding (MoU) this week to open financial services access between China and Taiwan is little more than a symbolic gesture.

They voiced their views despite the fact that the accord, signed on...


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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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