Chinese banks charged to the top of the local investment banking fees table in January, elbowing aside global competitors to take the first six places for the first time on record.
Citic Securities became the first Chinese bank to take the top spot in the Asia Pacific, excluding Japan, investment banking revenue ranking for January, earning $64 million in fees during the period, according to data provider Dealogic. Chinese banks - GF Securities, Haitong Securities, China International Capital, Guotai Junan Securities and Guosen Securities - took the next five places.