Source: BOC International Holdings Limited Hong Kong , Jan 27, 2014 - (ACN Newswire) - Chinese investment banks have recorded a remarkable performance in Hong Kong's 2013 IPO market, according to Bloomberg , claiming 5 out of the top 10 places in terms of both the number and the total raised funds of sponsored IPO deals. Among these banks, BOC International Holdings Limited ("BOCI"), the wholly-owned subsidiary of the Bank of China, outperformed its peers amidst the intense competition, ranking the first in Hong Kong's IPO underwriting market during 2013. Mr. Zhou Bing , Assistant Chief Executive Officer of BOCI, said, "Despite significant fluctuations of Hong Kong's financial markets, the IPO market saw a gradual rebound in the past year, which also led to an intensified competition in the investment banking business. Chinese investment banks, with enhanced professionalism and understanding of Hong Kong's capital markets, have performed remarkably in Hong Kong's IPO market in 2013. Capitalizing on the Bank of China's brand advantage, its international operational expertise, seasoned professional teams and innovation in product and services, BOCI has completed 17 IPOs that raised a total of US$11.8 billion , ranking the first place in the IPO market in Hong Kong . BOCI also set two new records for the number of IPO projects completed in one year since the Company's inception and the number of IPO projects in the capacity of Sponsor." The IPO business is the most significant business segment that serves as the best demonstration of the comprehensive strengths of an investment bank, but is also charactized by the intense competition. Last year, BOCI has assumed the roles of the sponsor, global coordinator and bookrunner in five of six projects that raised more than US$1 billion in Hong Kong , including (in random order) China Everbright Bank, China Cinda Asset Management, SINOPEC Engineering, Huishang Bank and Galaxy Securities . In addition, BOCI has also assisted a number of outstanding enterprises such as International Housewares Retail, Goldpac and Consun in their successful listings. Besides the overwhelming response from the market and investors, the Company has also built a strong partnership with customers, forming a solid foundation for the long-term cooperation. Also noteworthy is the US$2.8 billion IPO of China Cinda Asset Management Co., Ltd., in which BOCI was appointed as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager, has garnered the "Best IPO" award at " The Asset Triple A Regional Awards 2013" organized by The Asset magazine . BOCI has also completed seven follow-on offerings in 2013, which, together with the IPO projects, raised nearly US$13.2 billion . With such a remarkable achievement, BOCI ranked fifth place in terms of IPO and follow-on offerings in Hong Kong , and the first among all Chinese investment banks. In addition, BOCI also made a breakthrough in the M&A segment, ranking the eighth among M&A financial advisors in China and gaining the top spot among Chinese investment banks. Mr. Zhou Bing attributes the excellent performance of BOCI to the Company's efforts in developing the professional and sophisticated investment banking business in recent years as well as to its institutional sales team that has built strong global operational capability and solid customer relationships. With a compelling cross-border research capability, its securities research team has also provided solid support and made important contributions to the Company's investment banking businesses. Mr. Zhou remarked that BOCI will continue to capitalize on favorable market conditions by leveraging on its international operation experience, professional teams as well as its product and service innovation capability, as well as to reinforce its competitive edge in 2014. The Company is also dedicated to providing satisfying service to its clients with strong commitment and high efficiency, with an aim to contribute to the overall development of the Bank of China. About BOC International Holdings Limited Specialising in investment banking, BOC International Holdings Limited is a wholly owned subsidiary of Bank of China Ltd. Prior to its incorporation in Hong Kong on 10 July 1998 , BOCI's predecessor was China Development Finance Company (HK) Limited which was established in 1979. Today, its team of financial professionals combining international vision and extensive experience in the local markets strongly positions BOCI as an all-rounded cross-border investment bank offering comprehensive product lines, extensive geographic coverage, complete business support and proven operational expertise in capital markets. For more information, please visit our website: http://www.bocigroup.com/pub/sc/ Source: BOC International Holdings Limited Contact: BOC International Holdings Limited Mr. Paris Pei Tel: (852) 3988 6017 firstname.lastname@example.org Mr. Tony Chen Tel: (852) 3988 6809 email@example.com Strategic Financial Relations (China) Limited Ms. Nan Dong Tel: (852) 2864 4811 firstname.lastname@example.org Ms. Melody Jin Tel: (852) 2114 4963 melody.jin @sprg.com.hk Copyright 2014 ACN Newswire. All rights reserved.
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