A rankingof the 20 biggest Asia-Pacific banks by market capitalization as of Sept. 30 showsthat five out of 11 Chinese banks on the list dropped a spot, while fell two notchesto 20th place. Meanwhile, the six largest banks maintained their grip on the topspots of the ranking.
completed its Hong Kong IPOtoward the end of September and made the list with quarter-end market capitalizationof US$49.6 billion. Industrial &Commercial Bank of China Ltd. remained the region's No. 1 bank by marketcap, valued at US$233.3 billion, a 2.3% rise from June 30.
A pairof Japanese banks climbed a rung higher, with Mitsubishi UFJ Financial Group Inc. growing its market capby 10.8% to claim the No. 7 spot, and SumitomoMitsui Financial Group Inc. seeing a 15.5% rise to take 16th place.
The region'soverall SNL Asia-Pacific Bank Index has moved up 10.51% since the start of the year,while the SNL Japan Bank Index remained the worst performing in the region, declining29.55%.
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