Chinese investment bank Citic Securities took the top position for overall investment banking fees in Asia-Pacific, excluding Japan, in 2025, driven by its strong business performance in bond and initial public offering (IPO) underwriting, according to a report released on Wednesday by the London Stock Exchange Group (LSEG).
The Beijing-based brokerage generated US$1.45 billion in investment banking fees during the last year, accounting for 5.8 per cent of the total Asia-Pacific investment banking fee pool, the report revealed.
This marked a 29 per cent increase in fees compared to the previous year and a 0.4 percentage point gain in market share.
Investment banking fees comprise revenues earned from equity capital markets activities, such as IPO underwriting, debt capital markets, mergers and acquisitions (M&A) advisory, as well as syndicated lending services.
Chinese rivals filled out the rest of the top five, with China Securities, Bank of China, China International Capital and Guotai Haitong Securities ranking behind Citic, while US bank Morgan Stanley came in sixth.
Citic claimed the crown as the top bookrunner for Asia-Pacific-issued bonds with 6 per cent market share and about US$299 billion in related proceeds.
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