Norton Rose Fulbright has advised HSBC, Morgan Stanley, Deutsche Bank, CITIC Securities and UBS joint sponsors, joint global coordinators and joint bookrunners on BAIC Motor Corporation Limited’s HK$12.1 billion global offering and its initial public offering on the Main Board of the Hong Kong Stock Exchange.

BAIC Motor is the fifth-largest domestic carmaker in China and will be the second-largest passenger vehicles manufacturer listed on the Hong Kong Stock Exchange. Its businesses in China cover the proprietary brand of Beijing Motor, the premier passenger vehicle brand of Mercedes-Benz and the mid to high-end brand of Beijing Hyundai’s through its joint venture with Hyundai Motor.

The dealings in BAIC Motor’s H Shares on the Hong Kong Stock Exchange will commence on 19 December 2014.

Psyche Tai, corporate partner in the Hong Kong office of Norton Rose Fulbright, commented:

“There is an increasing demand for domestic vehicles in China. This successful listing will further strengthen BAIC Motor’s competitiveness in research and development and innovation capabilities to meet customer demand in this fast growing sector.”

The team was led in Hong Kong by corporate partners Psyche Tai and Winnie Chan, who were assisted by of counsel Allan Yee, senior associate Doris Ng, associates Jaycen Liao and Sarah Guo.