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Renminbi internationalisation accelerates

July 26, 2010  

From Aaron Pan

The markets have been waiting for years for signs that China’s authorities will internationalise its currency. Recent developments suggest that day could come even sooner than most analysts expect.

Beijing could allow China’s renminbi to become fully convertible faster than anyone expects, according to analysts.

Until recently analysts had believed it was likely to take over a decade for China's authorities to countenance any form of convertibility. However...


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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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