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Asian firms urged to raise investment spending

March 08, 2010  

From Pamela Tang

HSBC’s senior Asian economist Frederic Neumann notes that the region needs a back-up growth driver for when fiscal stimuli begin to fade or western demand starts to wobble. Now is the right time, he says, given low rates and available credit.

Asian companies needs to increase their investment spending so that capacity constraints don’t dampen the economic recovery, says HSBC.

This is the right time to invest as interest rates are low, credit is still easily available and the region...


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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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