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RBS identifies beneficiaries of China wage hikes

June 14, 2010  

From Aaron Pan

Wendy Liu, head of China research at the Royal Bank of Scotland, has identified the main winners and losers of expected wage hikes for labourers in China in light of recent controversies and strikes at factories on the mainland.

The Royal Bank of Scotland (RBS) believes the Chinese government is supportive of wage hikes for labourers and has identified the companies that will be affected the most.

Wage increases for manual labourers in the country has become the focus...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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