Corporate, investment banking to be boosted

SHANGHAI - China is set to play a major role in the growth of the investment banking market in Asia. The nation will become the continent's largest wholesale banking market by 2015, when Asia itself is expected to be the world's largest market for corporate and investment banking (CIB).

That's the conclusion of a report released by McKinsey & Co on Thursday.

By 2010, risk-adjusted CIB revenues in Asia had already reached nearly $442 billion, equal to just below one-third of the global total. That figure will achieve a revenue pool of about $790 billion, increasing the percentage to 45 percent, by 2015.