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For the past 13 years Asiamoney has revealed the top domestic banks, equity houses and debt houses in the region's largest financial markets. For our 25th anniversary edition we have amalgamated these winners to reveal which institutions in Asia have best stood the test of time. Richard Morrow reports.
The past 13 years have been among the most dynamic in Asia's financial history. In many ways it's been an unparalleled opportunity for the region's banks and brokers. China's dramatic and sustained rise in the 1990s continued and accelerated into the 2000s and even past 2008 (albeit with hefty credit spending). The booming of its economy supported that of many others in the region and helped propagate the super commodity cycle, which benefited many Southeast Asian nations.
During this period Asia has witnessed some of its largest equity offerings, mounting daily stock turnover and burgeoning market capitalisations, while its debt markets have steadily grown as more companies begin to branch out from funding themselves through loans.
But there have been plenty of lows along the way too. The aftermath of the Asia financial crisis just before this period in 1999 was...