The Total Revenue from Stocks and the Stock Linked Underwriting Business in China Securities Market Reached RMB11.4 Billion in 2007
DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c94026) has announced the
addition of "China Investment Bank Industry Report, 2007-2008" to
their offering.
The total revenue from stocks and the stock linked underwriting
business in China securities market reached RMB11.4 billion in 2007,
of which
- the underwriting revenue from IPO was RMB9 billion
- the revenue from public offering increased by RMB1.4 billion
- the revenue from share allotment underwriting was RMB480 million
- the revenue from underwriting of convertible bonds was RMB590
million.
As for China International Capital Corporation Limited, the
underwriting revenue in 2007 reached RMB 2.7 billion, occupying 30% of
the total market shares.
IPO occupies a large proportion in the stock and stock linked
underwriting business. The securities companies can acquire RMB8.9
billion revenue in IPO financing activities of the listed company. As
for single securities company, in the underwriting revenue of China
International Capital Corporation Limited, IPO occupies 95% and IPO of
CITIC 73%.
China enterprise related bonds (excluding bonds issued by listed
companies) reached RMB270 billion in 2007, up 74% over the year 2006.
However, the financing of enterprise related bonds mainly focused on
bonds issued by state-controlled enterprises and commercial bank
bonds.
The accumulative raised capitals of the listed companies that
raised 10 billion Yuan more capital in IPO amounted to RMB383 billion
in 2007, occupying 67% of the total raised funds in the securities
market. As the launch of the Second Board in 2008 can bring a lot of
opportunities of going on public and financing to medium- and
small-sized enterprises, the major source of the underwriting revenue
of securities companies is expected to shift towards medium- and
small-sized enterprises in 2008.
Firstly, this report analyzes the status quo of the China capital
market and the China investment bank industry from the angle of
economic and policy environments. Then it makes a detailed research on
the competitive pattern of stocks and stock linked business as well as
enterprise related bonds business. Finally, it introduces four
foreign-funded banks, six securities companies and two local
investment banks. The stocks and stock linked business mentioned in
this report mainly includes IPO, public offering increase, allotment
of shares and convertible bonds. The enterprise related bond business
mainly includes bonds issued by state-controlled enterprises
(excluding bonds issued by listed companies), commercial bank bonds,
non-bank financial bonds and bonds of international institutions.
CONTENTS:
1 China economic and policy environments
2 Investment banks overview
3 Analysis of key operation of investment banks
4 Introduction of key companies
5 Conclusion
COMPANIES MENTIONED:
- Merrill Lynch
- UBS Securities
- Morgan Stanley
- Goldman Sachs
- CITIC
- Haitong Securities
- Northeast Securities
- Guoyuan Securities
- Hongyuan Securities
- BOC International (China) Limited
- China eCapital Corporation
- Richlink International Capital Co., Ltd.
**CHARTS ALSO INCLUDED**
For more information visit
http://www.researchandmarkets.com/reports/c94026
Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax: +353 1 4100 980
Copyright Business Wire 2008
