Banking Sector

  • Ant Financial on its various internet-based financing services offered in China and globally.
  • Central Huijin Investment on its acquisition of the controlling stake in Hengfeng Bank by subscriptions of newly issued 60 billion ordinary shares.
  • UBS on its US$2 billion pre-IPO investment in the Postal Savings Bank of China.
  • Citibank, as consortium head, on the US$3.06 billion acquisition of a stake in Guangdong Development Bank.
  • Newbridge Capital, on its acquisition of the controlling stake in Shenzhen Development Bank, the first time a foreign investor had been permitted to obtain the controlling stake in a China-listed commercial bank.
  • UBS on its US$500 million strategic investment in the Bank of China and on the subsequent sale of its shares following the expiry of the lock-up period.
  • Fudeng Financial Holding Co. and Bank of China on their RMB1 billion joint acquisition of the equity interests of 15 rural banks held by China Development Bank.
  • Dah Sing Bank on its strategic investment in Chongqing Commercial Bank.
  • ANZ on the sale to DBS Bank of ANZ’s retail and wealth management businesses in China.
  • China Construction Bank on its acquisition of Banco WestLB do Brasil, a subsidiary of WestLB in Brazil.
  • J.P. Morgan and Citibank on the conversion of commercial banking branch in China into a wholly-owned subsidiary.