Meanwhile, Credit Suisse retains its reputation as the most-trusted broker of Asian equities, according to AsianInvestor's survey of buy-side equity traders.
Heads of sales trading acknowledge the importance of protecting the order flow of buy-side clients and say they have been investing to generate efficiencies.
Francis Cheung cites expected stabilisation in money supply and social housing plans as reasons to be optimistic about equity markets in China and Hong Kong next year.
The government is more concerned with the short-term expansion of its stock market in the face of competition from Shanghai, says the Asian Corporate Governance Association.
China’s banking sector will have a higher non-performing loan ratio in coming years, but good profitability, strong liquidity and adequate capitalisation will enable the major lenders to absorb unexpected credit losses.