CICC becomes world's top underwriter

14:48, October 09, 2009      

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China International Capital Corporation Limited (CICC), which has managed 18.3 billion U.S. dollars of initial public offering (IPO) business this year, was at the top of the global IPO league tables for the first time since Dealogic's league tables began in 1995.

China Citic Securities underwrote 4.3 billion U.S. dollars and ranked the second, surpassing Morgan Stanley, Goldman Sachs and JPMorgan Chase, according to Dealogic, a United Kingdom-based data provider.

Analysts believe that Chinese companies enjoy a relevantly loose financing environment for making IPOs, thanks to China's monetary policy and active stock market.

The GEB board is to be officially launched today at the Shenzhen Stock Exchange.[Jiang Ning]

In 2009, the 75 companies listing in China's A-share market have raised a total of 105.68 billion yuan.

By People's Daily Online
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