Global banks win meaty mandate

A Rmb15bn (US$2.35bn)
Shanghai IPO of the animal
feed and pig breeding unit of
Thailand’s CHAROEN POKPHAND
GROUP has given a boost to
foreign banks’ ambitions in
China’s onshore equity capital
markets.
CHIA TAI INVESTMENT, wholly
owned by family-backed
agro-industrial conglomerate
CP Group, has picked JP
Morgan and HSBC Qianhai as
bookrunners for the planned
float alongside sponsor Citic
Securities.
The combination is rare for
an A-share IPO of such size,
which is normally led entirely
by top-tier Chinese investment
banks such as Citic, CICC and
China Securities.
For instance, the Rmb13.9bn
ChiNext IPO of Yihai Kerry
Arawana last October, the
largest IPO on the Shenzhen
start-up board, was arranged
by sponsor China Securities

and joint bookrunner CICC
even though the agricultural
and food processing company
is owned by Singaporean

agribusiness Wilmar
International.
The Chia Tai float is also a
landmark onshore mandate for

both HSBC and JP Morgan, and
comes at a time when global
banks are ramping up their
investment in China’s domestic

国际金融评论亚洲版 IFR Asia.Magazine. June 05, 2021 高清英语原版 PDF 电子版 百度网盘下载:

链接：https://pan.baidu.com/s/16bmgFyzxvS_oUUEmGYkcGg
提取码：o8po

•  有长期需求可众筹会员(有学生价哦)：点击查看

•  链接可能会定期失效，获取链接及更多外刊，加微信（id16881086）或扫下方二维码获取。

All the content is for demonstration only, we do not store the files and after reading you we ask you to buy a printed version of the magazine.