Tough going in China has global investment banks looking abroad

India and Japan emerge as alternatives, helped by strong stock markets

20231226 Lujiazui financial district

International investment banks are increasingly shifting their attention to other markets in Asia besides China, but there are none that offer its sheer size. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- Global investment banks are looking beyond China, as their advisory businesses in Asia's biggest economy take a hit from a slowing deal activity and the rise of local competition.

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