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China Chengxin aims to offer better dim sum ratings

August 06, 2012  


From Anita Davis

The China rating agency has become the first to assess offshore renminbi bonds and believes its assessment methods will confer better ratings. But it needs to demonstrate a trustworthy methodology to convince international investors.

Beijing-based China Chengxin (Asia Pacific) Credit Rating Co. aims to offer an alternative – and more flexible – system of credit ratings in the offshore renminbi bond market, to help coax more mainland companies to seek ratings.

The rating agency only opened...


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SOUTHEAST ASIA DCM

Rank Bookrunner Parents Deal Value $ (Proceeds) (m) No. %share 2012 YTD Rank
1 Standard Chartered Bank 3,991 32 8.9 2
2 HSBC 3,710 35 8.3 4
3 Goldman Sachs 3,333 2 7.4 12
4 Deutsche Bank 2,895 14 6.4 8
5 Citi 2,774 9 6.2 5
6 JPMorgan 2,288 7 5.1 3
7 DBS 2,106 25 4.7 1
8 Siam Commercial Bank 1,835 16 4.1 21
9 Barclays 1,586 3 3.5 9
10 CIMB Group 1,523 27 3.4 13
Subtotal 26,040 123 57.9
Total 44,958 212 100.0



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