Company lists · Data refreshed September 2026

Top 16 Merchant banks based in China

RevenueBase identified 126 merchant banks headquartered in China as of September 2026 and tracks 10,449 professional contacts across them, including 113 with verified work emails. Shanghai is the largest hub.

This list covers merchant banks headquartered in China, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 17, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 17, 2026 86% judged on-target in blind review
126Companies
10,449Contacts tracked
113Verified emails
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The 16 largest merchant banks based in China

Ranked by team size
Top 16 of 126 merchant banks based in China, ranked by team size, largest first. Data refreshed Sep 17, 2026. RevenueBase Smart Search rates how each company's information relates to merchant banks: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Indirect evidenceBeijing, ChinaHQ checked Sep 17, 202610001+5,216 contacts →

Indirect evidence

“China International Capital Corporation Limited (CICC, 03908.HK601995.SH) is a top tier investment bank, founded in China in 1995, providing first-class financial services to…”

Source: RevenueBase Database · checked Sep 17, 2026
2Indirect evidence上海, ChinaHQ checked Sep 17, 202651-200125 contacts →

Indirect evidence

“Founded in 2014, Lighthouse Capital is a rapidly growing industrial investmentbank serving global enterprises with an international perspective.”

Source: RevenueBase Database · checked Sep 17, 2026
3Indirect evidenceShanghai, ChinaHQ checked Sep 17, 202651-20091 contacts →

Indirect evidence

“InterChina [] is a leading China-focused advisory firm with two integrated practices: corporate finance and strategy consulting.”

Source: RevenueBase Database · checked Sep 17, 2026
4Indirect evidenceBeijing, ChinaHQ checked Sep 17, 202651-20083 contacts →

Indirect evidence

“Cec Capital Group is a leading private investment bank in China.”

Source: RevenueBase Database · checked Sep 17, 2026
5Indirect evidenceBeijing, ChinaHQ checked Sep 17, 202611-5052 contacts →

Indirect evidence

“Vermilion offers a range of cross-border and domestic investment banking services in China, Europe and other Asian markets.”

Source: RevenueBase Database · checked Sep 17, 2026
6Indirect evidence上海, ChinaHQ checked Sep 17, 202611-5033 contacts →

Indirect evidence

“The only leading boutique investment bank founded by Top-tier PE investment professionals.”

Source: RevenueBase Database · checked Sep 17, 2026
7Indirect evidenceHong Kong, ChinaHQ checked Sep 17, 202611-5023 contacts →

Indirect evidence

“Ascent Partners is a leading provider of corporate valuation and advisory services.”

Source: RevenueBase Database · checked Sep 17, 2026
8Indirect evidence北京市, ChinaHQ checked Sep 17, 202651-20021 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 17, 2026
9Indirect evidence上海, ChinaHQ checked Sep 17, 202651-20018 contacts →

Indirect evidence

“E.”

Source: RevenueBase Database · checked Sep 17, 2026
10Partial evidenceBeijing, ChinaHQ checked Sep 17, 202651-20017 contacts →

Partial evidence

“LehmanBush is a mid-market merchant banking, private equity, and strategic advisory services organization with a worldwide reach.”

Source: RevenueBase Database · checked Sep 17, 2026
11Indirect evidenceHong Kong, ChinaHQ checked Sep 17, 202651-20015 contacts →

Indirect evidence

“Sunwah Kingsway Capital Holdings Limited is listed on The Stock Exchange of Hong Kong under the stock code: 00188.”

Source: RevenueBase Database · checked Sep 17, 2026
12Partial evidenceShanghai, ChinaHQ checked Sep 17, 202611-5015 contacts →

Partial evidence

“Founded in China by Americans over a quarter century ago, our firm is a leading merchant bank with offices in Shanghai, Beijing, Hong Kong and San Francisco.”

Source: RevenueBase Database · checked Sep 17, 2026
13Indirect evidenceShanghai, ChinaHQ checked Sep 17, 20261-106 contacts →

Indirect evidence

“XBO Advisory, headquartered in Shanghai, is an independent investment bank boutique firm focused on cross-border M&A transactions in relation to Asia.”

Source: RevenueBase Database · checked Sep 17, 2026
14Indirect evidenceShanghai, ChinaHQ checked Sep 17, 20261-105 contacts →

Indirect evidence

“Mavie Technologies is a trusted investment bank dedicated to cross-border transactions in medical devices and diagnostics with offices in Hong Kong, Mumbai and Shanghai.”

Source: RevenueBase Database · checked Sep 17, 2026
15Indirect evidenceShanghai, ChinaHQ checked Sep 17, 202611-504 contacts →

Indirect evidence

“Element Asia Capital (EAC) is a financial advisory firm providing M&A, private placement, and liquidity & transaction strategy solutions for middle-market businesses and…”

Source: RevenueBase Database · checked Sep 17, 2026
16Partial evidenceBeijing, ChinaHQ checked Sep 17, 202611-503 contacts →

Partial evidence

“CastleHill Partners is the leading specialist merchant bank working with clients in the media, sports, consumer and healthcare industries in China and globally.”

Source: RevenueBase Database · checked Sep 17, 2026

Showing 16 of 126 merchant banks based in China

See the full list, filter by size, metro and specialty, and get verified emails and direct dials for all 113 reachable decision-makers.

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Merchant banks based in China at a glance

As of Sep 17, 2026
1.1%Verified-email coverage
82.9Average contacts per company
11-50Median size (employees)
22.2%Largest-city concentration · Shanghai
Sep 17, 2026Page data refreshed

Companies by employee count

1-10
37
11-50
52
51-200
19
201-500
3
501-1,000
3
1,001-5,000
9
5,001-10,000
1
10001+
2

Email recency for this list is measured worldwide rather than for China, so it is reported there. Company counts and contact totals on this page are exact for China, over 126 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among merchant banks, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in China whose own description of what they do matches “merchant banks”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names merchant banks), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among merchant banks, and records with no verified work email. Companies headquartered outside China are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 113 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 17, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Merchant banks by metro

  • Merchant banks in Shanghai28

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names merchant banks, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many merchant banks are there based in China?

RevenueBase identified 126 merchant banks headquartered in China as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

CICC, headquartered in Beijing, tops this list with the largest team on record.

Which city has the most merchant banks?

Shanghai leads with 28 headquartered companies, followed by Beijing (11) and Shang Hai Shi Shang Hai Shi (4).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 113 verified decision-maker contacts tracked across these 126 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 17, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.