Citic Securities led Asia-Pacific banking fees in 2025 with $1.45 billion, up 29%, driven by bond deals and Hong Kong IPOs.

Citic Securities led Asia-Pacific investment banking fees excluding Japan in 2025 with $1.45 billion, a 29% rise, capturing 5.8% of the market, driven by strong bond underwriting and Chinese company listings in Hong Kong. Overall regional fees rose 19% to $24.9 billion, fueled by record equity offerings and IPOs. Singapore’s investment banking fees hit $864.6 million, the highest since 2021, with equity and debt markets surging. DBS led Singapore’s fees, while UBS topped M&A advisory.