NEW YORK and HONG KONG, January 30, 2018 –BOC International Holdings Limited (“BOCI”), one of the top Chinese investment banks, today announced that it has entered into a strategic alliance with  Jefferies LLC, a leading US investment bank, to strengthen partnership to build a competitive capital market capability both in China and globally. Under the agreement, BOCI and Jefferies will explore opportunities for mutual collaboration in a range of investment banking businesses, including equity capital markets, M&A, sales and trading, and co-branded research.

Wang Zhongze, Chief Financial Officer of BOCI,  said,  “At BOCI we are always committed to bring the best services to meet our clients’ requirements, and it is in our DNA to continuously seek innovative solutions for the interests of our clients. This collaboration will leverage both parties’ respective strengths in China and the other international financial markets to achieve a win-win-win for our clients, BOCI and Jefferies. The alliance with Jefferies is a perfect demonstration of our willingness to collaborate with other partners to give our clients the best-in-class products and services.”

“With the Jefferies’ alliance, we will be able to expand our service offerings for both Chinese and non-Chinese clients. It enables us to provide Chinese corporates and investors better insights and access to the international capital markets, and empower them with a truly global investment banking platform to achieve their strategic goals. And our deep understanding of China market will also help Jefferies’ corporate clients implement their growth strategies in China with a much higher chance of success.” added Daniel Ng, Head of Investment Banking Division and Executive Head of Global Coverage Centre at BOCI. “This alliance will bring to BOCI a valuable strategic partner with a global footprint, which puts us in an even stronger position for our mergers and acquisitions business. The alliance offers clients a unique combination of market intelligence and knowledge, industry expertise, execution capabilities, experience with and access to regulatory networks and unparalleled financing capabilities in critically important regions around the world.”

“This is an excellent collaboration for the clients of both companies,” said Alvin Chua, Head of Sales, Trading and Research Division at BOCI. “BOCI and Jefferies will bring to the clients their respective strengths, and the joint capabilities will bring significant benefits to our clients through better research coverage, broader product offerings and much enhanced global execution capabilities. Existing and new clients will have access to a wider range of products and markets globally, and be able to benefit from the complementary strengths of both institutions, in investing and trading of global equities.”

Benjamin Lorello, Global Head of Investment Banking at Jefferies, said “Our alliance with BOCI will allow us to better serve our clients in the US, Europe and Asia by providing unparalleled access to Chinese corporates and state owned entities through BOCI’s expansive footprint across China.  Similarly, we will be able to better serve the strategic and capital markets needs of BOCI’s clients by providing access to Jefferies extensive network of corporate clients and to our capital markets capabilities across the U.S., Europe and the rest of Asia.”

To learn more about BOCI and Jefferies’ capabilities, please contact your representatives at BOCI and Jefferies.

About BOCI
BOCI, one of the first investment banks established in China, is one of the biggest and strongest Chinese investment banks in overseas markets. BOCI has a leading position in the Hong Kong capital market in terms of overall competitiveness.

BOCI was incorporated in Hong Kong on 10 July 1998, and its predecessor, China Development Finance Company (HK) Limited, was established in 1979. Having grown and prospered during the wave of China’s reforms and opening-up over the past 39 years, BOCI has proved itself to be a trusted expert in the mainland market with deep insight into local conditions and a strong grasp of international regulations.

Headquartered in Hong Kong with offices in Beijing, Shanghai, Shenzhen, London, New York and Singapore, BOCI provides clients with a full range of investment banking products and services in both mainland China and overseas capital markets, including share issuance, merger and acquisition, bond issuance, fixed income, private banking, private equity, global commodities, asset management, equity derivatives, and leveraged and structured financing. It is one of the very few Chinese investment banks capable of providing international one-stop services in both the mainland China and Hong Kong markets. BOCI is a wholly owned subsidiary of Bank of China (3988.HK; 601988.SS).

About Jefferies
Jefferies, the world's only independent full-service global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. It provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and foreign exchange, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK), a diversified holding company.

Jefferies has branches and representative offices in more than 30 cities worldwide with global headquarters in New York, regional headquarters in London and Hong Kong. It has nearly 800 investment bankers and 800 equity sales, trading and research professionals worldwide covering the Americas, Europe and Asia to provide clients with deep industry knowledge across all major industry sectors, and led by senior bankers with an average of 20 years of experience.

According to Thomson Reuters, in the US market, Jefferies completed 125 M&A transactions in 2016 and ranked no.1 by the number of buy-side advisory transactions. In addition to its strong position in the M&A advisory business, Jefferies has one of the largest equity institutional sales teams among US investment banks. According to Institutional Investor, Jefferies ranked top 10 broker of U.S. cash equities, equity options and convertibles in 2016; ranked 3rd in the U.S. electronic research team ranking 2017. Jefferies’ convertible bonds trading platform had U.S. market share of 11.1% in 2016, ranked 2nd and ranked no.1 in overall franchise quality. It is also a market leader in fixed income products and ranked no.1 overall trading desk and 2nd research team in the U.S. 2017.
Not including the research alliances, Jefferies’ global equity research business consists of 120 publishing analysts covering nearly 2,000 stocks from research centres in Frankfurt, London, Hong Kong, Mumbai, Singapore, Tokyo, Boston, Houston, Nashville, New York and San Francisco. The firm’s global coverage includes Economics & Strategy, Business Services, Consumer, Energy, Financial Services, Insurance, Healthcare, Industrials, Internet and Interactive Entertainment, Maritime, Media, Metals & Mining, MLPs, REITs, Technology, Telecommunications, Travel & Leisure and Utilities.
 
For further information, please contact:
BOCI: Paris Pei, +852 39886017, Paris.Pei@bocigroup.com / Amanda Xu, +852 39886002, Amandaxm.Xu@bocigroup.com
Jefferies: Richard Khaleel, +1 212 284 2556,rkhaleel@jefferies.com