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HKEx’s derivative hopes depend on renminbi reform

July 05, 2010  

From Pamela Tang

Hong Kong’s primary bourse wants to leverage on renminbi internationalisation to strengthen its derivatives business. But the currency needs to see many more changes before such hopes become realistic.

The Hong Kong Exchanges & Clearing (HKEx) has thrown down the gauntlet: it wants to be a regional derivatives giant.

“We want to be the biggest derivatives powerhouse in Asia and the world’s biggest renminbi derivatives centre,” declared Charles Li, the...


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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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