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RBS predicts China stock rally

March 12, 2010  

From Aaron Pan

Having experienced a correction since mid-January over monetary tightening concerns, Chinese stocks look set to rally as the government shifts its focus to growth instead of tackling inflation, says the Royal Bank of Scotland.

A rally in Chinese stocks is in the offing after Beijing signalled a shift in its economic policy at the National People’s Congress (NPC) meeting last week, the Royal Bank of Scotland is predicting.

China’s equity markets have dropped...


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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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