More offshore renminbi please, says Deutsche Bank

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More offshore renminbi please, says Deutsche Bank

March 16, 2011 (Last updated: March 17, 2011)

From Daniel Flatt

Moves to bolster offshore renminbi liquidity will aid in the bid to kick of a renminbi IPO market in Hong Kong but, trades need to be settled in the currency to help the market flourish, bankers at Deutsche Bank argue.

st1\:*{behavior:url(#ieooui) } News the Bank of China Hong Kong (BoCHK) is providing a renminbi repo facility in Hong Kong should encourage more renminbi-related products but more trades need to be settled in the currency to encourage this process, argue...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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