Asia's best bank for financing 2016: HSBC
Awards for Excellence 2016
HSBC’s power in debt financing, allied with the strength of its balance sheet, is well known, but Stephen Williams’ capital financing team was no one-trick pony during our review period. It handled equity or equity-linked deals in Korea, Singapore, Taiwan and India as well as many of the deals that mattered most in Greater China. Among them were the $2.115 billion IPO of China Reinsurance and $2.54 billion IPO of China Huarong Asset Management which collectively re-opened regional equity fundraising markets in October. VRL Logistics in India was one of the most successful IPOs from the country for years.
But clearly, 2015/16 was not an ECM year, and it is the bank’s overpowering performance in DCM that nets it this award. Its league table strength is a given, and it dominated in regional G3, local currency (particularly the Hong Kong dollar) and offshore renminbi. But more important is the fact that the bank has shown diversity of assistance to its clients and leadership in new markets.