King & Wood Mallesons (KWM) has advised China International Capital Corporation Limited (CICC) on its successful listing on the Main Board of the Hong Kong Stock Exchange on 9 November 2015. CICC issued a total of 611 million H shares (before issuing further H shares pursuant to an overallotment option), with an offer price of HK$10.28 per share. In its listing, CICC raised approximately HK$5.485 billion.

CICC is a premier investment bank headquartered in China but which also has an international presence. As China’s first joint venture investment bank, CICC pioneered numerous deals that drove the development of China’s capital market. Coinciding with its 20th anniversary, CICC’s Hong Kong listing is a significant milestone. It is an important step towards securing CICC’s status as a globally-influential, world-class financial institution.

KWM acted as PRC counsel for the lead underwriters. Over the course of CICC’s restructuring to its listing on the Main Board, KWM advised on, and provided effective solutions to, all PRC law-related aspects of the project.  The KWM team was led by partners Yang Xiaolei, Su Zheng and Li Yuanyuan.