China’s investment banking fees fall to lowest in 5 years

Only DCM underwriting fees saw growth.

Investment banking fees generated in China fell by 18% year-on-year in 2024, on the back of lower equity capital markets (ECM) underwriting fees, lower M&A advisory fees, and lower syndicated lending fees.

A total of $12.5b in fees were generated in China, its lowest since 2019, according to data from the London Stock Exchange Group (LSEG).

ECM underwriting fees accounted for 12% of China’s investment banking fee pool and totaled $1.5b, down 64% from a year ago.

In contrast, debt capital markets (DCM) underwriting fees grew 5% and reached $9.9b.

Completed M&A advisory fees dropped 35% to to $499.m compared to 2023.

Syndicated lending fees reached $636.8m, down 25% from 2024.

Amongst financial institutions, CITIC leads the China investment banking fee league tables with $1b in related fees, equivalent to an 8.4% wallet share in 2024.

Also Read

DBS welcomes deepening financial market ties between Hong Kong, China

Banks urged to expand focus to transition finance for zero-carbon future

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit