Bankers unconvinced as HKEx consults on dual shareholding

It is probably no coincidence that in the week Alibaba is due to start pre-marketing its $20bn IPO, the Hong Kong Exchange has launched a concept paper on whether it should allow dual class shareholdings.

  • By Lorraine Cushnie
  • 01 Sep 2014
The tech giant’s decision to list in the US even though it had made public its desire to IPO in Hong Kong brought a whole heap on criticism onto the HKEx for its decision to stick by its ‘one share one vote policy’. The exchange has always defended ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 15.31
2 Industrial and Commercial Bank of China (ICBC) 12.35
3 CITIC Securities 8.92
4 Agricultural Bank of China (ABC) 7.60
5 China CITIC Bank Corp 6.76

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 17,340.89 84 7.58%
2 Morgan Stanley 14,411.26 72 6.30%
3 Citi 14,337.79 96 6.27%
4 UBS 13,054.43 87 5.71%
5 China International Capital Corp Ltd 11,355.46 47 4.96%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,595.68 221 7.66%
2 Citi 23,431.57 157 7.01%
3 JPMorgan 15,663.09 97 4.69%
4 Goldman Sachs 13,751.52 67 4.12%
5 Bank of America Merrill Lynch 13,338.92 85 3.99%

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    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.

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