Sidley advised China International Capital Corporation Hong Kong Securities Limited (CICC HK) as underwriter’s counsel, on the issuance of 1.9 billion new H-shares by China Cinda Asset Management Co., Ltd. (China Cinda) with an aggregate consideration of approximately RMB5.5 billion (around US$800 million). CICC HK acted as the sole placing agent, sole global coordinator and sole financial advisor in the transaction. Net proceeds of issue will be used to replenish the company’s core tier 1 capital and support its business development.

China Cinda is a Chinese asset management company principally engaged in the provision of financial solutions and asset management services. CICC HK is one of China's leading investment banking firms that engages in investment banking, securities, investment management and other financial services.

Sidley’s Beijing-based team was led by partner Mengyu Lu and also included associate Angela Zhang and China Advisor Ting Wei.