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CNH development to dry out HKD liquidity

January 20, 2012  

From Chien Mi Wong

The development of offshore renminbi will result in tighter Hong Kong dollar liquidity, leading to a slowdown in loans offered and deposits sought in the latter currency, believe analysts.

The attractiveness of CNH is escalating at the expense of the Hong Kong dollar (HKD). But the latter currency is experiencing difficulty in capturing local deposits and loans, especially as its liquidity diminishes.

Investors have been flocking to put their...


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OFFSHORE RMB DCM

Rank Bookrunner Value ($m) No. %Share 2011 YTD Rank
1 HSBC 1,439 15 33.0 1
2 Bank of China Ltd 1,079 5 24.8 14
3 Standard Chartered Bank 513 10 11.8 11
4 Citi 208 4 4.8 3
5 Barclays 198 2 4.5 0
6 Deutsche Bank 159 4 3.6 2
7 Goldman Sachs 152 2 3.5 6
8 RBS 136 3 3.1 5
9 BNP Paribas 95 2 2.2 21
10 JPMorgan 79 1 1.8 7
Subtotal 4,059 29 93.2
Total 4,356 29 100.0


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