Equity Capital Markets in the China and Hong Kong Markets

BOCI offers clients a full range of ECM products such as Initial Public Offerings ("IPO"), follow-on equity placements, monetization, block trades, convertible bonds, and equity derivatives. It provides domestic and overseas clients (corporations, governments, and individuals) world class advice and execution according to international standards across all industries.

China Development Finance Company (HK) Limited (the predecessor of BOCI) lead-managed the IPOs for Guangzhou Investment and Tsingtao Brewery in 1993. These transactions marked a major step for the introduction of Chinese enterprises into international capital markets.

Today, amongst all international and domestic investment banks, BOCI is one of the most active in the China and Hong Kong markets. BOCI ranked number 2 in Hong Kong and number 5 in China for IPOs in year 2006 and 2007. BOCI's capital market IPO solutions are innovative. For example, the IPO for China Railway Group in 2007 was the first of its kind. BOCI advised, structured and executed the  IPO structure that introduced the “First A, then H” shares transaction that became a landmark in the Shanghai and Hong Kong IPO markets. It was a triumph, with its A-shares and H-shares recording large increases on the first day of trading despite volatility in the market.

BOCI's capabilities in the equity markets span all capital market products. We originate structure and execute public and private placements of a wide spectrum of securities. In the years from 2006 to 2009, BOCI ranked number 3 overall in the Hong Kong market for IPOs and Placements.

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

• Corporate restructuring in preparation for an IPO, equity placement or equity-linked securities;
• Obtaining approvals for an IPO, equity placement or equity-linked securities;
• Liaising with domestic and overseas regulators;
• Structuring and executing all capital raising transactions;
• Introducing strategic, cornerstone and anchor investors through BOCI's equities distribution platform;
• Advising on valuation and pricing to achieve the most appropriate valuation;
• Managing the after-market trading and supporting all of our clients’ capital markets transactions.

SEHK IPO League Table  (2006-09)
    

Source of tables: Bloomberg. Market share is calculated by underwriting amount. If individual transaction involves several underwriting roles, underwriting amount will be calculated in relevant proportion.