Project |
Year |
Money |
Section |
Category |
PSBC raises USD6.3 billion in private placement |
2023 |
USD6.3 billion |
M&A |
Follow-on offering; banking & finance |
Subway’s biggest master franchise agreement |
2023 |
N/A |
M&A |
Franchising; food & beverage |
Oriza sets up industrial machine tool fund |
2023 |
RMB15 billion |
PE/VC |
Fund establishment; manufacturing |
ZJLD’s USD680m Hong Kong IPO |
2023 |
USD680 million |
Equity Capital Markets |
HKEX; beverages |
Lotus Technology’s SPAC listing on Nasdaq |
2023 |
USD880 million |
Equity Capital Markets |
Nasdaq; SPAC listing; electric vehicles |
Bitdeer’s Nasdaq listing via SPAC |
2023 |
USD1.18 billion |
Equity Capital Markets |
Nasdaq; SPACs; cryptocurrency |
Beijing Enterprises’ panda bond sets record |
2023 |
RMB4 billion |
Debt Capital Markets |
Panda bonds |
Cargill sells China poultry unit to DCP Capital |
2023 |
N/A |
M&A |
Private equity; agribusiness |
Chindata privatisation |
2023 |
USD621 million |
Equity Capital Markets |
Privatisation; data centres |
Huaqin Technology’s Shanghai listing |
2023 |
RMB5.85 billion |
Equity Capital Markets |
SSE; smart hardware |
Nexchip’s USD1.4 billion Star Market IPO |
2023 |
USD1.4 billion |
Equity Capital Markets |
Star Market; sustainable development |
Air China’s tender for Shandong Airlines |
2023 |
RMB6.6 billion |
M&A |
Tender offer; aviation |
ByteDance’s USD1.5bn acquisition of Amcare Healthcare |
2022 |
USD1.5 billion |
Domestic |
M&A; healthcare |
CALB’s USD1.3bn Hong Kong listing |
2022 |
USD1.3 billion |
Capital Markets |
Hong Kong listing; lithium battery |
China Huarong’s USD6.3bn recapitalisation |
2022 |
USD6.3 billion |
Domestic |
Asset management |
China Mobile Communications’ A-share listing |
2022 |
RMB48.7 billion |
Capital Markets |
A-share listing; telecommunications |
CTG Duty Free’s USD2bn Hong Kong IPO |
2022 |
USD2 billion |
Capital Markets |
Hong Kong listing; retail |
First A-listed companies make Swiss GDR offering |
2022 |
N/A |
Capital Markets |
Swiss listing; GDR |
Jiangsu Chengxing Phosph-Chemicals’ reconciliation |
2022 |
N/A |
Domestic |
Restructuring; chemicals |
NaaS merges with RISE, lists on Nasdaq |
2022 |
N/A |
Capital Markets |
US listing; reverse takeover |
Unifrax acquisition of shares in Luyang |
2022 |
RMB2.7 billion |
Cross-border |
M&A; industry |
AVIC units undergo restructuring |
2021 |
N/A |
Domestic |
Bankruptcy restructuring; aviation |
Baidu’s secondary listing on SEHK |
2021 |
USD3.1 billion |
Capital Markets |
Hong Kong listing; internet |
China Biologic’s Nasdaq delisting |
2021 |
USD4.76 billion |
Capital Markets |
Privatisation; medicine; JunHe |
China Education acquires Jincheng College |
2021 |
RMB2.4 billion |
Domestic |
M&A; education |
China New Town Development’s stake transfer |
2021 |
N/A |
Cross-border |
M&A; state-owned asset transfer |
China Telecom’s USD8.4bn A-share listing |
2021 |
USD8.4 billion |
Capital Markets |
A-share listing; telecommunications |
Establishment of National Pension Insurance Company |
2021 |
RMB11.2 billion |
Domestic |
Pension insurance; wealth management |
Goldman buys remaining Gao Hua Securities stake |
2021 |
N/A |
Cross-border |
Joint venture; M&A |
Kuaishou Technology’s USD5.4bn Hong Kong IPO |
2021 |
USD5.4 billion |
Capital Markets |
Hong Kong IPO; technology |
Tencent’s Sogou privatised from NYSE |
2021 |
USD3.5 billion |
Capital Markets |
Privatisation; technology |
Universal Beijing Resort establishment |
2021 |
N/A |
Domestic |
Joint venture; tourism |
Weibo’s Hong Kong secondary listing |
2021 |
USD385 million |
Capital Markets |
Hong Kong listing; technology |
China Bohai Bank’s Hong Kong Listing |
2020 |
USD1.77 billion |
Overseas Deals |
Hong Kong listing; banking |
CICC’s USD2 billion A-share IPO |
2020 |
USD2 billion |
Deals in China |
A-share listing; investment banking |
Fintech giant Lufax’s US listing |
2020 |
USD2.36 billion |
Overseas Deals |
US listing; fintech |
HSBC first foreigner to own life insurer |
2020 |
N/A |
Deals in China |
Acquisition; life insurance |
Huya’s USD10bn merger with Douyu |
2020 |
USD10 billion |
Deals in China |
M&A; games |
PipeChina takes over major oil and gas lines |
2020 |
N/A |
Deals in China |
Restructuring |
XGMG Machinery mixed-ownership reform |
2020 |
RMB21.05 billion |
Deals in China |
Asset restructuring |
Yuanfudao G-round financing |
2020 |
USD1 billion |
Overseas Deals |
Financing; internet |
China East Education’s HK listing |
2019 |
HKD4.9 billion |
Overseas Deals |
Hong Kong IPO; education |
Hynix co-insurers recover fire accident claim |
2019 |
USD860 million |
Disputes & Investigations |
Insurance; litigation |
Wanda Film major asset restructuring |
2019 |
RMB10.5 billion |
Deals in China |
Asset restructuring |
Aurora Mobile’s Nasdaq IPO |
2018 |
USD77 million |
Overseas Deals |
US listing; data technology |
Ping An Healthcare and Technology’s Hong Kong IPO |
2018 |
HKD8.77 billion |
Overseas Deals |
Hong Kong IPO; Healthcare |
SenseTime’s series C/C+ round financing |
2018 |
USD1.22 billion |
Deals in China |
PE/VC; AI |
CEXIM sets up overseas EFP programme |
2017 |
EUR550 million +USD300million |
Overseas Deals |
Debt capital market; Overseas financing |
PSBC’s Hong Kong IPO |
2016 |
HKD56.6 billion |
Overseas Deals |
Banking; overseas listing |
Zhejiang Geely issues green bonds by automakers |
2016 |
USD400 million |
Overseas Deals |
Auto industry; clean energy; green bonds; overseas capital market |
China Tower acquires tower assets of three telecom companies |
2015 |
N/A |
Deals in China |
M&A |
CSR and CNR’s merger |
2015 |
USD26 billion |
Deals in China |
M&A |
Shenyin Wanguo Securities’ merger with Hongyuan Securities |
2015 |
USD6.2 billion |
Deals in China |
M&A |
China Cinda’s IPO on HKEx |
2014 |
USD2.8 billion |
Overseas Deals |
Equity capital market |
Inaugural RMB Formosa bond issues |
2014 |
USD1 billion |
Debt capital market |
Debt capital market |
Sinopec Marketing’s mixed ownership investment |
2014 |
USD17.3 billion |
Private equity & venture capital |
Private equity |
WH Group’s HK IPO |
2014 |
USD2.36 billion |
Overseas Deals |
Equity capital market |
CNOOC’s takeover of Nexen |
2013 |
USD15.1 billion |
Overseas Deals |
M&A |
HSBC’s sale of its entire shareholding in Ping An Insurance |
2013 |
USD9.4 billion |
Deals in China |
M&A |
KKR’s strategic investment in Qingdao Haier |
2013 |
USD560 million |
Private equity & venture capital |
Private equity & venture capital |
Sinopec’s notes offering |
2013 |
USD3.5 billion |
Debt capital market |
Debt capital market |
Sinopec’s private H-share placement |
2013 |
USD3.1 billion |
Overseas Deals |
Equity capital market |
Sohu’s sale of a 36.5% interest in Sogou to Tencent |
2013 |
USD448 million |
Deals in China |
M&A |
Chow Tai Fook lists in Hong Kong |
2012 |
USD2 billion |
Overseas Deals |
equity |
Ministry of Finance issues sovereign bonds in Hong Kong |
2012 |
USD3.7 billion |
Capital market |
debt |
Huitong Luhua merger with Jiahua |
2011 |
USD240 million |
Deals in China |
M&A |
Sinopec syndicated loan |
2011 |
USD5 billion |
Banking & Finance |
Banking & Finance |
PRC government bonds |
2011 |
RMB20 billion |
Bonds |
Bonds |
Sinopec convertible bonds |
2011 |
RMB23 billion |
Bonds |
Bonds |
Morgan Stanley PIPE investment in China XD Plastics and Yongye |
2011 |
USD150 million |
Private Equity & Venture Capital |
Private Equity & Venture Capital |
Agricultural Bank of China IPO |
2010 |
USD22 billion |
Overseas Deals |
Capital markets;listings |
Zhejiang Geely buys Volvo Cars |
2010 |
USD1.8 billion |
Overseas Deals |
M&A |
China Everbright Bank IPO |
2010 |
USD3.23 billion |
Deals in China |
IPO |
China XD Electric IPO |
2010 |
RMB10 billion |
Deals in China |
IPO |
Ningbo Port IPO |
2010 |
RMB7.4 billion |
Deals in China |
IPO |
China Mobile purchase of Pudong Development Bank stake |
2010 |
RMB39.8 billion |
Deals in China |
M&A |
RBS-Guolian Joint venture |
2010 |
RMB2.4 billion |
Inbound M&A and FDI deals |
Inbound M&A and FDI deals |
Daqo New Energy issued American depositary shares |
2010 |
USD87.4 million |
Environment & natural resources |
Environment & natural resources |