Investment banking revenues from China rose to their highest on record in the first quarter of the year, providing some cheer to an otherwise bleak picture globally as income from most other geographical regions fell as a result of the turmoil in the capital markets.
Revenues gleaned from China rose 16% to a record $310m (â¬199m) in the first three months of the year, income that was boosted by China Railway Construction's dual listing in February that was worth a combined $5.4bn, according to data provider Dealogic.
