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RETAIL BANKING | Cesar Tordesillas, Hong Kong
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HSBC, Bank of China are top HK market makers

The Hong Kong Monetary Authority placed the HSBC and the Bank of China at the top of new sets of league tables of market makers for bills and notes, respectively.The league tables, one for Exchange Fund Bills and the other for Exchange Fund Notes, list the 12 MMs which achieved the highest ranking on the basis of their turnover in the respective markets and market making performance through the Electronic Trading Platform over a six-month period between December 2008 and May 2009.The league tables will be prepared every six months and published in early June and December based on the turnover from 1 December to 31 May and from 1 June to 30 November respectively.Following HSBC from second to 11th of the top 12 market makers for bills are Bank of China (Hong Kong) Limited, Dah Sing Bank Limited, Standard Chartered Bank (Hong Kong) Limited, Hang Seng Bank Limited, DBS Bank (Hong Kong) Limited, Wing Lung Bank Limited, Citibank N.A., Bank of East Asia Limited, Fubon Bank (Hong Kong) Limited, Banc of America Securities Asia Limited, and Nanyang Commercial Bank Limited.On the other hand, following Bank of China (Hong Kong) Limited among market makers for notes are Calyon, HSBC, Dah Sing Bank Limited, Fubon Bank (Hong Kong) Limited, DBS Bank (Hong Kong) Limited, Royal Bank of Scotland Plc, Hong Kong, Standard Chartered Bank (Hong Kong) Limited, Wing Lung Bank Limited, Banc of America Securities Asia Limited, Citibank N.A., and UBS AG, Hong Kong.

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