Opinion: Shanghai is real threat to Hong Kong

Copying and distributing are prohibited without permission of the publisher

Opinion: Shanghai is real threat to Hong Kong

February 02, 2012

From Anita Davis

As China pushes for Shanghai to be a more prominent global financial centre, Hong Kong’s clout as a capital markets hub may slowly fall to the wayside.

In the days after China’s National Development and Reform Commission (NDRC) announced that China intends to fortify Shanghai as a major global financial services hub, experts have rushed to the forefront to say that Shanghai’s emerging role will compliment Hong...

This content is only available to Asiamoney PLUS subscribers.

Subscribe today for unrestricted access to Asiamoney PLUS and receive your complimentary copy of Asiamoney magazine each month.

You can also call or email our subscriptions team at +852 2842 6999, hotline@euromoneyasia.com.

If you are located in Europe or the Americas you can contact our local hotlines on:

Europe	+44 (0) 207779 8999	customerservice@euromoneyplc.com
Americas	+1 (212) 224 3570	hotline@institutionalinvestor.com

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.

Free Trial

OFFSHORE RMB DCM

Rank

Bookrunner

Value ($m)

No.

%Share

2011 YTD Rank

HSBC

1,439

33.0

Bank of China Ltd

1,079

24.8

Standard Chartered Bank

513

11.8

Citi

208

4.8

Barclays

198

4.5

Deutsche Bank

159

3.6

Goldman Sachs

152

3.5

RBS

136

3.1

BNP Paribas

2.2

JPMorgan

1.8

Subtotal

4,059

93.2

Total

4,356

100.0

Asiamoney Views

Opinion: Politics stifle New York’s chances of becoming a RMB hub

16 May 2012 | The US financial centre would be an ideal offshore renminbi hub, but bellicose political rhetoric against China means it will be unable to take advantage of this opportunity for a long time to come.
Opinion: India slides into stagflation

16 May 2012 | The Reserve Bank of India is struggling to manage potential stagflation, looming credit rating downgrades and a banking system at risk. And New Delhi isn’t helping.
Opinion: Danger for eurozone as CIC pulls plug on govvies

12 May 2012 | The Chinese sovereign wealth fund has stopped buying European government debt. As the crisis wears on, it will not be the last institutional investor to rebalance toward emerging markets.
Opinion: RMB – not a treasurer’s top choice for trade settlement

11 May 2012 | While China may have ambitions to fully internationalise the renminbi, multinational corporations are still disinclined to adopt the currency and are unlikely to change their minds anytime soon.

Upcoming events