China investment banking fees hit by 33% drop in H1

Investment banking fees generated by financial institutions in China stood at $5.6 billion during the first half of this year, a year-on-year drop of 33% compared to that of last year’s, according to data from the London Stock Exchange Group LSEG.

CITIC Securities, Bank of China BOC and China International Capital Corporation CICC were among some of the best local performers in the first half, earning $452 million, $348 million and $226 million, respectively, from investment banking businesses. These, at the same time, represented a 6%, 36% and 37% of decrease, respectively, compared to the same period last year. The next best in the top performers’ list were China...