After completing the A Shares (601390.SH) listing project for China Railway Group Limited as the sponsor and principal underwriter, BOCI acted as the joint global coordinator, joint bookrunner, joint lead manage and joint sponsor for the listing of its H shares and assisted the successful listing on the Main Board of The Hong Kong Stock Exchange on 7 December. China Railway is the first IPO project in the PRC with A share listing preceding H share listing, and it is also one of the most high-profile offerings on the Mainland China and Hong Kong new share underwriting markets. The A share and H share prices of China Railway recorded an increase of 68% and 27% on the listing date respectively despite a continued volatile market environment at that time, marking the fruitful success of the offering. This mirrors the capabilities of BOCI in business innovation with the courage to challenge common practices, its strengths in cross-border capital market operation that outshine its competitors, as well as its overall execution power in responding to complex market situations. All these in turn fortify the position of BOCI as one of the most competitive investment banks for its investment banking core business.