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A week in Asia’s business news

July 29, 2010  

From Richard Morrow

China’s bank regulator warns that 23% of last year’s loans to local government vehicles could go sour, Citic Group looks to IPO in Hong Kong, Panasonic aims to buy out minority shareholders of two entities and New Delhi approves a sale of 20% of its largest electricity grid provider.

CHINA

The mainland faces rising credit risks as concerns grow over the quality of loans extended to local governments’ financing vehicles. The loans accounted for 30%-35% of the Rmb14.2 trillion (US$2.1 trillion) of new loans given out over the past...


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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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