DeHeng Advised Hong Kong Branch of Huaxia Bank on Launching
the Deposit Certificate Scheme of USD 2 Billion Overseas
2020-05-14
On May 13, 2020, the Hong Kong Branch of Huaxia Bank launched a deposit certificate program of USD 2 billion overseas, with ICBC (Asia) as the Arranger, and CEB International Capital Corporation Limited, CMB Wing Lung Bank and ICBC (Asia) the Dealers.
Huaxia Bank was established in Beijing in October 1992. It launched the shareholding reform in March 1995, and in September 2003, completed the initial public offering (stock code: 600015), becoming the fifth listed bank in China. The Hong Kong Branch, formerly the Hong Kong Representative Office, was its first overseas representative office, mainly providing mainland-overseas integrated financial services for clients in Hong Kong. It obtained its branch status in December 2017 with the approval of the People's Bank of China. On September 26, 2019, the Hong Kong Branch was granted a banking license by Hong Kong Monetary Authority.
As the Chinese legal counsel for the Arranger and Dealers, the DeHeng team was headed by partner Hou Zhiwei, with primary support from Zhang Yan, Hu Xueyuan, Yang Jingjing, Xianyu Jiashan, Sun Yuehao and Jiang Yue. They worked closely and actively with the issuer, arranger, traders and overseas legal team, and provided comprehensive, professional, efficient and premium legal services for the clients.
