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HONG KONG - Chinese securities companies are making inroads in international investment banking markets, driving up hiring costs and spurring tighter competition for deals, according to a senior executive of Barclays PLC. "They're very real competition; they absolutely win deals and in many cases, they win deals that we would love to be in," said Matthew Ginsburg, Hong Kong-based head of investment banking at Barclays in Asia, in an Aug 16 interview. "On the cost side, are they starting to be competitive for talent? In many cases, they are absolutely." Ginsburg is leading the expansion of Barclays' investment bank in Asia, where fees from advising on stock sales and mergers have grown faster than in the United States and Europe, powered by China's and India's expanding economies. Chinese rivals such as Citic Securities Co and Haitong Securities Co are planning share sales in Hong Kong to raise money for hiring bankers and expanding offices outside their home market. Chinese securities companies are using Hong Kong as a stepping stone for expansion outside China, where the government requires foreign investment banks to team up with local partners for stock and bond underwriting. Share-sale fees in the city were 2.2 percent of the money raised last year, the lowest level since at least 1999, according to data compiled by Bloomberg. The fee percentage has remained at that level in 2011, the data show. Guosen Securities Co, this year's biggest stock underwriter in China, more than doubled the workforce at its Hong Kong unit in 2011 and plans to rent more office space in the city, the head of the unit, Lu Xiaoning, said in July. Equity mandates Goldman Sachs Group Inc, based in New York, is the top equity offering arranger in the Asia-Pacific region this year, followed by Morgan Stanley, according to Bloomberg data. The two companies dominate stock sales in Hong Kong, working on a combined 39 percent of deals by value. Two Chinese investment banks - China International Capital Corp (CICC) and Bank of China International Ltd - are among the top 10 stock underwriters in the city, the data show. Barclays is in 26th place in arranging Asia-Pacific equity offerings. The UK bank has a "strong pipeline" of equity fundraising deals, including convertible bonds, that have yet to be completed, Ginsburg said. Chinese companies' expansion in international investment banking isn't likely to drive fees lower, he said.genuine ugg boots is available in a wide variety of colors to choose from. The main reason of availability in so many colors is to serve the different industries with different color codes to differentiate them from others. Secondly, with the increasing demand for Roxy Tall Ugg Bootshas also forced the industry to come up with new colors and models.