First Hong Kong listing for regional rural bank
January 04, 2011 | BY
clpstaff &clp articlesChongqing Rural Commercial Bank (Chongqing Bank) has raised US$1.48 billion from its initial public offering (IPO) on the Hong Kong Stock Exchange. The…
Chongqing Rural Commercial Bank (Chongqing Bank) has raised US$1.48 billion from its initial public offering (IPO) on the Hong Kong Stock Exchange. The issuer is the first regional rural commercial bank in China to seek a Hong Kong listing. The underwriters were Morgan Stanley and Nomura.
Chongqing Bank primarily serves the rural community of Chongqing municipality in west China. It was established in 2008.
A Herbert Smith team, led by partners John Moore and Tom Chau, represented the issuer on US and Hong Kong law aspects. Chongqing's PRC counsel was Jun He Law Offices. Advising the underwriters as US and Hong Kong counsel was a Hong Kong-based Clifford Chance team led by Cherry Chan. King & Wood acted for the underwriters on PRC law.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now