Singapore will outshine as a RMB wealth management hub

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Singapore will outshine as a RMB wealth management hub – opinion

June 20, 2012

From Chien Mi Wong

Singapore has the wealth management capability and infrastructure to become a hub for the renminbi, and could potentially thwart Hong Kong’s supremacy in this area.

As the development of the offshore renminbi market gathers pace and the currency takes its initial footprints outside the territory where it was launched – Hong Kong – discussion is increasing around new hubs, particularly London and Singapore. The latter...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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