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China Renaissance Expands Equity Offering

New service in Hong Kong will give institutional clients greater access to investment opportunities with some of China's most dynamic companies
2015-05-20 09:00 2621

HONG KONG, May 20, 2015 /PRNewswire/ -- China Renaissance today announced the expansion of its equities business to facilitate trades for institutional clients in Hong Kong, a service previously only available to clients in the United States. The expanded service offering also coincides with the company's Hong Kong office relocation to the International Commerce Center (ICC).

With this new service, China Renaissance's global institutional clients will now have greater access to the most innovative companies in China. These companies and the entrepreneurs behind them are redefining China's "new economy" by using information technology to pioneer new business models and different ways to deliver goods and services both domestically and internationally. Since its inception in 2004, China Renaissance has advised on over 250 high profile transactions in China's TMT sector, including IPOs, convertible bond offerings, private placements and mergers and acquisitions. With the evolving scale of its offering, China Renaissance has grown to be one of the most significant players in China's Capital Markets.

"Having advised on most of the high-profile transactions in China's 'new economy', we have a unique and valuable perspective to offer our global institutional clients. The Hong Kong equities trading service will offer global institutional investors the opportunity to tap into the dynamic opportunities that exist, leveraging the deep in-market understanding." said Gloria Lu, Head of equities at China Renaissance. "The full set-up of our equities business will offer investors the opportunity to be part of China's growth story and will also offer these companies alternative sources of capital from outside of China."

"We see Hong Kong as the new gateway for China's 'new economy' entrepreneurs especially under the current regulatory landscape and listing rules. There are a number of options now in mainland China including the New–three board (Xin San Ban). Hong Kong is an obvious option for many as it's efficient and does not have restrictions like the VIE," adds Ms. Lu, "Our new office in Hong Kong will accommodate our growing team and our expanding service offering and we are ideally placed to capitalize on the opportunities in Hong Kong and mainland China. Hong Kong is an integral part to the success of China's capital markets and we expect to see more and more companies choose to list on the HKEX rather than the United States in the future."

Commenting on the business expansion, Fan Bao, Founder and CEO of China Renaissance, said, "This new expanded equity offering builds upon the sales and research services that we have provided for years. The equities business is an important complement to our investment banking and private placement businesses that raise capital and advise on strategic transactions for companies in China, using the Internet and information technology to create high-growth business models. China Renaissance now has a full presence in Hong Kong's capital market and we are keen to continue to build up our equities business, which will in turn allow us to better cater the needs of the booming China Internet sector."

China Renaissance has served as financial advisor for some of China's most recent transactions in the TMT sector, including the merger of Chinese classified ad site 58.com and rival Ganji.com, the US$5 million strategic investment of China's leading online discount retailer Vipshop in Australian daily deals site Ensogo, as well as the US$6bn merger between taxi-hailing apps Didi and Kuaidi.

About China Renaissance

China Renaissance is a leading independent investment bank serving the financing needs of China's most promising "new economy" entrepreneurs, those creating business models powered by the Internet and information technology. The firm's services include private fund-raisings, public offerings, mergers and acquisitions, sales and trading execution and equity research across a broad range of sectors, with a particular specialization in TMT, education and healthcare as well as consumer products. The clients that China Renaissance has been serving in the recent years are topnotch leaders of TMT industry, including JD.com, Didi, Leju, Qihoo, Sina, Vipshop, Youku, Ganji.com, Yongche, Tujia, Meituan and among others.

Since its inception in 2004, China Renaissance has successfully completed over 250 initial public offerings, mergers and acquisitions, convertible bond offerings and private placement transactions, amounting to almost US$ 26 billion in total deal value. As the number one private placement advisor to China's entrepreneurs, ChinaVenture named the firm "The Best Boutique Investment Bank" in nine consecutive years from 2006-2014. China Renaissance is headquartered in Beijing and has offices in Shanghai, Hong Kong and New York, employing around 150 professionals. For more information, please visit www.chinarenaissance.com.

Source: China Renaissance
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