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In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.

Five countries in Asia are due to hold general elections in 2019, meaning uncertainty for capital markets is likely to be commonplace. With markets already wobbling under global pressures, surprise election results could have catastrophic effects. Bankers and investors should be prepared for a bumpy ride.

In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

The sustainable finance movement, when looking at banks and insurance companies, has so far focused mainly on assets rather than liabilities. But insuring or offering deposits for a particular activity is just as important as lending to or investing in it.

In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

In this round-up, the People’s Bank of China (PBoC)’s foreign exchange reserves increased for the first times in three months, BNP Paribas became the third international bank to receive a lead underwriting license for corporate Panda bonds, China’s exchanges agreed on including weighted voting rights stocks in Stock Connect trading.

GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

In this round-up, Trump was confident China would deliver on promises from G20 dinner, China signed several cooperation agreements in Panama and Argentina, China Financial Futures Exchange (CFFEX) planned to lift bans on trading stock-index futures to boost market activity.

In this round-up, China International Capital Corporation UK (CICC UK) became Stock Connect’s first depository receipt conversion institution, S&P and FTSE Russell added China A-shares to their indices, and October capital outflows from China jumped while outflows from other emerging markets stayed flat.

Judging extension risk is a key part of investing in bank capital. If investors call it wrong, it is hard to say they have been grossly mistreated.

The breakdown of trust in ISDAfix following allegations of collusion and manipulation in 2012 led to a complete overhaul of the benchmark. A recent report by the Financial Conduct Authority proves that the hard work is paying off, reaffirming the potential for the model to be applied to other benchmarks.

‘Tis the season to be jolly, right? Apparently not anymore. Christmas merriment appears to have been cancelled, or at least hugely dampened, this year.