Reprinted from Chinadaily
The past year was an exciting year for the Chinese equity market, as stock index hit a five-year-high at the end of 2014 and IPOs of Chinese e-commerce giants JD.com and Alibaba Group were finished. Underwriters are instrumental in stock market prosperity; they are in charge of promoting and selling of newly issued shares and follow-on share issuance. According to data from Thomson Reuters, a financial data provider, 25 underwriters covered 489 share issues of Chinese companies with proceeds amounting to $126 billion.
Here are the top 10 underwriters for Chinese companies, according to data provided by Thomson Reuters.
No 10 Haitong Securities Co Ltd
Number of issues: 30
Proceeds amount: $4.28 billion
No 9 UBS Securities Co Ltd
Number of issues: 30
Proceeds amount: $4.38 billion
No 8 China Securities Co Ltd
Number of issues: 25
Proceeds amount: $5.21 billion
No 7 CITIC Securities Co Ltd
Number of issues: 32
Proceeds amount: $6.04 billion
No 6 JP Morgan Chase & Co
Number of issues: 26
Proceeds amount: $6.32 billion
No 5 Citibank
Number of issues: 23
Proceeds amount: $6.97 billion
No 4 Credit Suisse
Number of issues: 36
Proceeds amount: $7.95 billion
No 3 Deutsche Bank
Number of issues: 32
Proceeds amount: $8.02 billion
No 2 Goldman Sachs & Co
Number of issues: 34
Proceeds amount: $9.58 billion
No 1 Morgan Stanley Huaxin Securities Co Ltd
Number of issues: 34
Proceeds amount: $13.74 billion