Cases & Deals

CITIC CLSA, CICC, Goldman Sachs, and Agricultural Bank of China International underwrite $1.7 billion IPO on Hong Kong Stock Exchange by China Zheshang Bank

Clients China International Capital Corporation (Hong Kong) Limited

Jones Day acted as counsel for the underwriters, led by CITIC CLSA, China International Capital Corporation (CICC), Goldman Sachs, and Agricultural Bank of China International, on the US$1.7 billion initial public offering of China Zheshang Bank Co., Ltd. on the Main Board of the Hong Kong Stock Exchange ("HKSE"). The listing included a concurrent Rule 144A and Regulation S offerings. H Shares of the Bank were listed on the HKSE on March 30, 2016. As of March 30, this offering is the world's largest IPO for the year-to-date.

Zheshang Bank is a PRC nationwide joint-stock commercial bank headquartered in Zhejiang, China with total assets amounting to RMB1,004,315 million, as of September 30, 2015. As of September 30, 2015, the Bank has approximately 130 outlets in 11 provinces and provincial level municipalities, including Beijing, Shanghai and Jiangsu, as well as all of the prefecture-level cities in Zhejiang, covering the Yangtze River Delta Area, the Bohai Rim Area, the Pearl River Delta Area and certain other areas in Central and Western China.

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