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Opinion: China should join rate hike rage

July 12, 2010  

From Richard Morrow

Countries across Asia are beginning to put up their interest rates as overheating and especially inflation become concerns. China is the only major exception, but signs of rising prices are becoming evident on the mainland. It should follow its neighbours.

A new trend is sweeping Asia’s burgeoning economies: interest rate hikes.

On Friday (July 9) South Korea raised its base interest rate by 25 basis points (bp), its first hike in 16 months.

Korea’s move occurred on the back...


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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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