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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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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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