China International Capital Corp. remains undefeated in Chinese equity sales.

The Beijing-based firm claimed first overall in Institutional Investor’s seventh annual All-China Sales Team – a position it has held every year since the ranking’s debut in 2012.

More than 1,600 buy-side analysts and money managers at about 650 firms rated generalist equity sales firms based on 6 attributes to determine 2018’s top 10 providers.

UBS and Hutai Securities held steady in second and fifth place, respectively, while Morgan Stanley improved on 2017’s sixth-place performance by climbing three spots to capture third, bumping Citi down to fourth place.