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Beijing will attempt to avoid rate hikes, says Moody’s

February 10, 2010  

From Pamela Tang

The credit rating agency predicts that the People’s Bank of China will sparingly increase interest rates this year, preferring to use bank reserve and treasury bond yield increases to control credit growth and inflation.

China will only hike interest rates slowly this year, choosing instead to rein in lending and inflation via increase of bank reserve requirements and raising the yields on treasury notes, predicts credit rating agency Moody's.

Beijing restarted using such measures...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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