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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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SOUTHEAST ASIA DCM

Rank Bookrunner Parents Deal Value $ (Proceeds) (m) No. %share 2012 YTD Rank
1 Standard Chartered Bank 3,924.05 31 9.7 2
2 HSBC 3,630.31 34 8.9 4
3 Goldman Sachs 3,332.96 2 8.2 11
4 Deutsche Bank 2,894.76 14 7.1 8
5 JPMorgan 2,287.75 7 5.6 3
6 DBS 1,857.13 22 4.6 1
7 Siam Commercial Bank 1,835.24 16 4.5 22
8 Citi 1,690.39 8 4.2 5
9 CIMB Group 1,445.84 25 3.6 12
10 UBS 1,321.29 10 3.3 23
Subtotal 24,219.71 120 59.6
Total 40,673.06 201 100.0



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