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Asian equities set to benefit from flexible renminbi

June 28, 2010  

From Aaron Pan

China’s decision earlier this month to allow greater flexibility in its currency will have positive implications for equity markets across the region, according to a strategist at Daiwa Capital Markets.

Beijing's willingness to revalue the Chinese renminbi is not just a positive for the country but for the region as a whole, and stocks in China and Hong Kong should benefit, according to Daiwa Capital Markets.

On June 19, 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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