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Yuan's rise to have muted impact on Asian FX flows

July 21, 2010  

From Leigh Powell

Callum Henderson, global head of FX research at Standard Chartered Bank offers his views on how China's reassessment of its currency peg to the US dollar will impact the region's currencies.

On the face of it, there should be a simple answer to the question of which Asian currencies should most gain from China's decision to allow for greater currency flexibility – those regional currencies with the highest trade links and/or correlations with...


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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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