Xin Lang Cai Jing·2025-12-17 03:56Core Insights - Morgan Stanley is set to be the largest arranger in the Asia-Pacific equity capital markets for the second consecutive year, with a market share close to 10%, significantly ahead of its competitor Goldman Sachs [1][2] Group 1: Market Performance - Morgan Stanley completed a total of $27.9 billion in transactions across IPOs, primary market placements, block trades, and convertible bonds, surpassing Goldman Sachs by nearly $9 billion [2] - The market share of Morgan Stanley stands at 9.86%, marking the second-highest level for a leading bank in the past decade [2] Group 2: Regional Trends - The bank participated in several multi-billion dollar transactions in Asia, with a strong recovery in stock issuance in Hong Kong and India, leading to a record year for IPOs [2] - Four out of the five largest stock issuance locations this year are in Asia, specifically Hong Kong, India, mainland China, and Japan [2] Group 3: Future Outlook - The head of Morgan Stanley's Asia-Pacific Global Capital Markets, Saurabh Dinakar, anticipates continued growth in trading volumes in Hong Kong next year, with India also expected to see an increase in issuance due to several large-scale IPOs [2]