10 July 2018
Clifford Chance advises Bank of Jiujiang on Hong Kong IPO
Leading international law firm Clifford Chance advised Bank of Jiujiang Co., Ltd. on its US$486 million (HK$3.816 billion) initial public offering and listing on the Hong Kong Stock Exchange.
Partners Tim Wang, Amy Lo and Jean Thio led on the deal, with support from consultants Tianning Xiang and Corey Zhang, senior associate Lawrence Zhang, associates Janet Tang, Samson Chan, Aimee Yi, Vicky Zheng and paralegal Aidan Yu.
China Co-Managing partner Tim Wang said, "We are pleased to continue building on our expertise in advising Chinese companies in their outbound investment and listing. This IPO demonstrates our continued commitment to the banking sector."
Bank of Jiujiang is a leading regional commercial bank in Jiujiang, in the southern province of Jiangxi, China, providing financial services to small and micro enterprises, individual business owners and the general public. In terms of tier-one capital as of December 31, 2016, Bank of Jiujiang ranked 456th among the top 1000 banks in the world and 66th among all commercial banks in China, according to The Banker. Jiangxi Province is one of the fastest growing provinces in China, and an important hub in Central China which benefits from preferential and strategic government policies.