Asiamoney China Corporate and Investment Banking Awards

Citi’s China business, led by chief executive Christine Lam, delivered Rmb5.95 billion ($871 million) of revenues with Rmb2.07 billion of net profits in 2019.

Liu Xiaodan almost single-handedly built Huatai United Securities into a top Chinese investment bank for mergers and acquisitions within a decade. But Liu, M&A banker-turned-chair, left Huatai United in August 2019 and set up her own private equity firm this May.

Citic Securities remains the leader in domestic equities underwriting, with a volume of Rmb304.1 billion during our awards period, according to Wind – an increase of 35% from a year ago, which is an eye-catching rise for such a large firm.

Citic Securities is the clear winner of this category – just look at the numbers. The firm reported revenues of Rmb43.1 billion ($6.3 billion) in 2019, and a net profit of Rmb12.2 billion, surpassing all of its rivals among the Chinese securities houses.

During our awards period between July 1, 2019, and June 30, 2020, Industrial and Commercial Bank of China (ICBC) underwrote 2,298 domestic bonds, according to Wind.

Bank of China (BOC) was involved in nearly 150 M&A projects worth a combined $62 billion during our awards period – between July 1, 2019, and June 30, 2020 – taking the total number of deals it has been involved in over the years to nearly 1,000.

China Merchants Bank (CMB) provides its clients with advisory services beyond just lending and potential acquisitions; under its president Tian Huiyu, CMB has become one of the most tech-savvy banks in the country, using these skills to provide advice on financing strategy and deal structuring.

Asiamoney has dived deep into China’s burgeoning corporate and investment banking markets to reveal the best banks and securities firms

Mergers and acquisitions are at the heart of Huatai United Securities’ investment banking business.