HSBC's debt capital markets business has won an unprecedented number of awards in recent reviews of 2011 published by Asia's main financial publications. HSBC was selected by IFRAsia as Bond House, Domestic Bond House and Dim Sum Bond House of the Year for 2011. From FinanceAsia, it was named Best International Bond House, Best Local Currency Bond House, Best Sovereign Bond House and Best Offshore RMB Bond House of the Year, the bank said in a statement.
IFRAsia commented that: "The bank's consistent performance across every cross-section of Asia's international bond markets represented as close to complete market domination as anyone is ever likely to get."
FinanceAsia, in the meantime, said: "HSBC took a near clean sweep of the awards this year thanks to its unprecedented dominance in both the G3 and local currency markets. This year, it pulled out all the stops and drew sharply ahead with a market share of 12.5% for Asia ex-Japan G3 bonds. This was a sweeping margin over its nearest rivals."