HONG KONG -- 2023 marked a milestone for international banks' diversifying strategies in Asia, as China's sluggish recovery and strict foreign market listing rules pushed the West's big investment banks to look for growth in other markets.
Finance
ASEAN becomes more lucrative than China for J.P. Morgan and Citi
Advisory fees for stock and bond deals rise in Southeast Asia but sink in China
J.P. Morgan in 2023 was the leader in generating stock and bond issuing fees in Southeast Asia. (Photo by Kenji Kawase)
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