Business Overview 

BOCI provides capital raising services including initial public offerings (IPOs) in the PRC and Hong Kong adhering to international standards to clients across many industries.

China Development Finance Company (HK) Limited (the predecessor of BOCI) lead-managed the initial public offerings for Guangzhou Investment and Tsingtao Brewery, the first red chip company in 1992 and the first H-share listing in 1993 respectively. The transactions marked a major step for accession of Chinese enterprises into international capital markets. Since then, BOCI has made possible initiatives for China-based enterprises in certain industry sectors, enabling entry into international capital markets. Examples include Phoenix TV (the first China-based media company listed overseas), Sinotrans (transportation industry), China Communications Construction (infrastructure industry) and Sichuan Xinhua Winshare Chainstore.

From 1990 to 2006, BOCI has acted as sponsor or lead underwriter in 46 listings in international capital markets and has participated in over 190 initial public offerings, raising over HK$600 billion.

BOCI has completed several landmark deals in recent years, including the IPOs of CNOOC (in 2001), Bank of China(HK) (2002), Sinotrans (2003), Ping An Insurance (2004), Hunan Nonferrous Metals, Bank of China, China Communications Construction, Lingbao Gold Company Limited, Nine Dragons Paper Holdings, Jilin Qifeng Chemical Fiber Co. Ltd, Advanced Semiconductor Manufacturing Corporation  (all in 2006) and Sichuan Xinhua Winshare Chainstore ( in 2007).

BOCI was ranked No. 3 in underwriting in Hong Kong equity market in 2006. The Bank of China IPO was one of the most prominent deals, in which BOCI acted as a joint global coordinator, bookrunner, sponsor and lead manager for the successful H-share listing on the Main Board of the Stock Exchange. The transaction raised HK$86.7 billion and set new records. It was the world's fifth largest IPO, the second largest-ever IPO in Hong Kong, and the second largest IPO by a Chinese company.

Market Share of Equity Underwriting in Hong Kong Stock Market (January 1^st to December 31^st 2006)       

In 2006, BOCI was one of the joint bookrunners and lead managers of the Nine Dragons Paper IPO, nominated "Best mid-cap IPO" by The Asset.

It was also ranked top in the Analyst Survey (HK and China Region) 2005 jointly organized by South China Morning Post and the rating agency StarMine.

Its outstanding performance in investment banking was recognized by Emerging Market, being nominated "Best Investment Bank in North Asia Region" in 2004.

The Sinotran IPO was named "Best IPO 2003" and "Deal of the Year 2003" by The Asset and The Banker, respectively.

The Bank of China (Hong Kong) IPO was voted "Deal of the Year 2002" and "Best Privatization" by FinanceAsia and "Asia-Pacific Equity Issue of the Year" by IFR.

The CNOOC IPO won the awards of "Equity Fundraising Deal of the Year" and "2001 China Equity Issue" from Asiamoney and IFR respectively.

Services Offered:

BOCI assists corporate clients in the following domestic and international fund-raising exercises: