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China PMI figures underline inflationary pressures

February 01, 2010  

From Leigh Powell

Industrial activity accelerated at record pace in China last month, but rising input and output prices highlight mounting inflationary pressures and raise the likelihood of further fiscal tightening measures.

Industrial activity accelerated at record pace in China last month, but rising input and output prices underline mounting inflationary pressure and raise the likelihood of further fiscal tightening.

The HSBC China Manufacturing Purchasing Managers Index (PMI) hit a high in...


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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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