Investment banking fees across the Asia-Pacific region totaled $5.3 billion in Q1 2026. Citic Securities ranked as the top earner, although total revenue saw a 5% decline compared to the previous year due to weaker M&A and debt market activity.

Investment banking fees across Asia-Pacific excluding Japan reached US$5.3 billion in the first quarter of 2026, with China’s Citic Securities ranking as the region’s top earner. The total in the first three months fell 5 per cent from a year earlier, as growth in equity capital markets underwriting was offset by weaker debt capital market and mergers and acquisitions (M&A) activity, according to an LSEG Data and Analytics report on Thursday. Helped by strong fees from its bond underwriting....