China Dominates APAC Investment Banking League Table
Chinese companies populated the leading positions in Asian investment banking fees generated in 2025, according to a report by the London Stock Exchange Group, driven by offshore bond issuances and an IPO boom in Hong Kong.
Beijing-based Citic Securities was the leader in Asia Pacific ex-Japan investment banking fees generated for 2025 at $1.45 billion, according to a report by London Stock Exchange Group (LSEG). This accounts for 5.8 percent of the total fees generated in the region.
This was followed by Chinese rivals China Securities, Bank of China, China International Capital and Guotai Haitong Securities. New York-based Morgan Stanley was in sixth place.
Chinese investment banks dominated the leading regional positions in the industry, benefitting from a strong showing in the issuance of yuan-denominated dim sum bonds and mainland listings in Hong Kong.
Global Market Share
Overall, APAC investment banking fees rose 19 percent year-on-year to $24.9 billion in 2025. This accounts for 18 percent of total fees earned globally, compared with 55 percent from the Americas and 21 percent from Europe.
Investment banking fees in the report cover activities from equity capital markets, debt capital markets, M&A advisory, as well as syndicated lending services.
