Asian banking sector's sneaky stalwarts revealed

Check out this graph showing which Asian countries account for most of the assets in the region.

According to Bank of America Merrill Lynch, in Asia, two dominating markets, China and Japan account for 44% and 27% of total assets in the region, respectively.

Here's more from BofAML:

Thanks to rapid economic growth in the developing economies (eg, China, India, and Indonesia), growth in the banking industries in these countries is fairly high, resulting in asset growth rates well above that of the rest of the region.

On the other hand, Hong Kong and Singapore have maintained still fairly high growth rates, courtesy of their roles of being the region’s financial hubs and their superior infrastructure.