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Alternative Market Briefing

China’s equity markets could even exceed that of U.S. in near term, RBC survey reveals

Monday, October 05, 2009

From Christine Gaylican, Opalesque Asia:

The latest RBC Capital Markets survey of 736 senior finance executives across the globe, conducted by the Economist Intelligence Unit, revealed the growing confidence on the sustainable growth of China’s capital markets over the next two years.

The United States, on the other hand, was either ranked second or third to India.

In the survey (Source), nearly half, or 47%, of senior officers of banks, hedge funds and other capital providers have “the most confidence in the growth and stability of China's capital markets.

“Interestingly, there was a divergence in opinion between capital providers and capital raisers, with the latter group most confident in the U.S. capital markets followed by China and India. Among all survey respondents, China led the way, followed by the U.S. and India,” it indicated.

China vows to continue with fiscal stimulus

Encouraged by the impact of its $586bn (RMB (renminbi) 4 trillion) fiscal stimulus package, China’s Finance Minister Xie has committed to maintain it until it is needed (Source).

Global finance system’s dark phase

According to Richard E. Talbot, co-head, Gl......................

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