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Many Asian firms are adopting imaginative strategies to cope with the difficult business environment and improving their treatment of shareholders. Hong Kong companies have caught the analysts’ eyes.

Euromoney's seventh Asian company ranking is based on a survey of market analysts at major banks and research institutes in Asia. We received 150 replies, a 44% increase on last year's 104. Respondents were asked to nominate the top-three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings. Points were awarded on the usual scale of 4:3:2. We received nominations for 813 companies for all categories.

In this year's Asian 100 the notable profitability of the top Australian banks reflects an economy that has outperformed most of the world. Among its neighbours, some Korean banks put on an impressive growth spurt as the economy recovered.

This ranking of Asia-Pacific banks, valid as of November 1 2002, was compiled by Moody's Investors Service from commercial banks' annual reports and financial statements for 2001 and 2000.

India

Issuer: Core Investment Grade Bond TrustAmount: $2.025 billionLaunched: November 15 2002Bookrunners: Bank of America, JPMorgan

Russia

Banks and sites were first invited to take part in the third annual internet awards in July 2002. Euromoney approached those firms that had taken part before plus those that had expressed an interest in taking part over the past year and those that Euromoney journalists felt would like to be involved. Any bank or site was welcome to submit sites for consideration but we did ask potential participants to read the awards articles from previous years and consider whether their sites had a good chance of winning before they put themselves forward. Participants confirmed the sites they were submitting by mid-August.

Leading European private-equity firm Doughty Hanson finally launched its long-delayed fourth buy-out fund at the end of October but will have to work hard to convince investors to hand over their money.

Runner-up: JPMorgan Treasury Services

Runners-up: Barclays Capital, Deutsche Bank, UBS Warburg

Many banks that took part in this year's foreign exchange internet awards will no doubt groan with disappointment when they see that Citigroup has won the award for best bank in online forex for the second year running. And that is understandable. As standards rise across the board, the differences between one suite of online forex tools and another shrink.