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CHINESE IPOS RAISE DOUBLE THE AMOUNT IN US

Chinese stock exchanges, including the Hong Kong bourse, raised double the amount of money secured by initial public offerings across the US in 2009, highlighting the region's rising weight in international finance.

Hong Kong alone is on track to eclipse the US, raising $27.2bn in IPOs this year, compared with $26.5bn in the US. Mainland exchanges raised $24.4bn, according to Dealogic.

The US has dominated global IPOs by exchange nationality every year apart from 2006 since Dealogic began the rankings in 1995. In 2006, the UK topped the rankings but it does not make the top 10 this year.

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