Asia

Citibank and HSBC battle it out to be the best pan-Asian bank.Morgan Stanley Dean Witter succeeds in M&A and HDFC Bank had a great year in India. Kathryn Hanes

China

Best domestic bank: Industrial and Commercial Bank of China

Best foreign bank: HSBC

Best foreign bond house: Merrill Lynch

Best domestic equity house: CICC

Best foreign equity house: CLSA

Best domestic M&A house: Bank of China

Best foreign M&A house: Morgan Stanley Dean Witter

HSBC has been touting 2000 as its year for “going home” to China. In April it opened its mainland headquarters in Shanghai, relocating the management of the bank’s mainland business out of Hong Kong, addressing a long-standing criticism of the bank’s China business.

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