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Business news: the past week in Asia

November 26, 2009  

From Richard Morrow

China and India urged local banks to raise their capital adequacy ratios, Japan’s Mitsubishi UFJ Group plans a major equity issue for that reason, and China Minsheng Bank’s Hong Kong listing goes well initially but drops in the aftermarket.

AUSTRALIAThe Australian Tax Office launched a surprise action against US private equity firm TPG, pursuing more than US$620 million in taxes and penalties in relation to its recent IPO of department store chain Myer. The authority argues that TPG set...


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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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