Financial
Industry

Beijing

Guangzhou

Hong Kong

Shanghai

Shenzhen

27/F, North Tower
Beijing Kerry Centre
1 Guanghua Road
Chaoyang District
Beijing 100020, China

66/F, Guangzhou CTF
Finance Centre
6 Zhujiang East Road
Zhujiang New Town
Guangzhou 510623, China

26/F, One Exchange Square
8 Connaught Place, Central
Hong Kong

24/F, HKRI Centre Two,
HKRI Taikoo Hui
288 Shi Men Yi Road
Shanghai 200041, China

9/F, Tower One, Kerry Plaza
1 Zhong Xin Si Road
Futian District
Shenzhen 518048, China

Tel: +86 10 5769 5600
Fax:+86 10 5769 5788

Tel: +86 20 3225 3888
Fax:+86 20 3225 3899

Tel: +852 3976 8888
Fax:+852 2110 4285

Tel: +86 21 2208 1166
Fax:+86 21 5298 5599

Tel: +86 755 8159 3999
Fax:+86 755 8159 3900

www.fangdalaw.com

Financial Industry

The Preeminent China-basedInternational Law Firm
Founded in 1993 and one of the most prestigious law firms in the region, Fangda Partners has over
700 lawyers. We serve a wide variety of major clients – including large MNCs, global financial
institutions, leading Chinese enterprises and fast-growing Hi-tech companies – on an extensive
range of commercial matters through our network offices in Beijing, Guangzhou, Hong Kong,
Shanghai and Shenzhen, offering PRC law and Hong Kong law.
We are the firm of choice for clients’ most challenging transactions and legal issues in many practiceareas. Since we were founded, we have advised on some of the largest and most complex corporate andfinance transactions in China, the region and globally. We have also assisted our clients with many
renowned and complex cases and arbitrations, compliance and government investigations in theregion.
Our service to clients is premised on the dual foundations of strong local law capabilities and a
global business outlook. Our lawyers are qualified in many jurisdictions, including the People's
Republic of China, Hong Kong SAR, England and Wales, the United States, Singapore and Australia.
Our understanding of the laws and processes in major jurisdictions around the world enables us toadvise our clients effectively on the largest and most complicated cross-border matters in China
and elsewhere. Our strengths have been widely recognized by our clients and peers. Chambers hascommented on our cross-border capabilities in the following terms – “outstanding quality of its
lawyers”, “high level of service that is comparable to international firms”, and “strong global outlook”.

Financial Industry
01

Financial Industry Practice
Fangda Partners’ Financial Industry Group regularly advises domestic and international clients on the most complex
and cutting-edge legal issues in the financial service sector in China. We are renowned for our participation in mostof the market-leading deals, for our deep understanding of the financial services sector in China, and for our ability
to help clients navigate through the complex financial services regulatory environments.

Fully fledged services
We offer fully fledged services relating to financial institutions
and the Chinese financial market, ranging from regulatory
work, transactions involving financial business to contentious
matters. We also advise Chinese financial institutions andinvestment companies on their outbound activities in
the financial services sector. Our clients include all key
participants in the financial services sector, including
investment banks, asset managers, commercial banks,financial sponsors, alternative fund managers, insurers
and fintech companies. In addition to licensing issues,
governance, products, marketing, compliance and generalregulatory issues, we have also advised clients on newissues with the emergence of fintech, including blockchain,e-signature, big data, data privacy, cybersecurity andother related issues.

Most experienced team
Our team comprises leading lawyers who have extensive
experience in advising financial institutions on regulatory
and M&A matters. Our team has developed longstanding
relationships with many of the leading international anddomestic financial institutions and know their businesses
well. We offer a unique combination of international
execution capabilities and in-depth understanding of
the domestic market and regulations to ensure thatmatters are handled efficiently, effectively and in clients’best interests.

Deep understanding of regulators andbusiness-oriented approach
We have developed close working relationships withmany of the regulatory bodies in China through working
with them on matters over many years. This practicalexperience enables us to provide clients not only with
tailored strategic advice but also well-informed tacticaladvice. We bring a practical and business-oriented approach
to offer the full range of commercial legal services,balancing client’s business needs with regulatorycompliance.

Recognition
National Law Firm of the Year: China
IFLR1000 Asia-Pacific Awards, 2019, 2022, 2023
Regulatory/compliance: PRC firms - Tier 1
The Legal 500 Asia-Pacific, 2017-2023
Firm of the year - Shanghai
IFLR1000 China Awards, 2021-2022
Golden League Awards (Nationwide elite law firms)
China Business Law Awards, China Business Law Journal, 2022
Private Equity & Venture Capital Firm of the Year – China
China Law & Practice Awards, 2022
Financial Services M&A Legal Adviser of the Year
Mergermarket China M&A Awards, 2020, 2021
M&A Legal Adviser of the Year
Mergermarket China M&A Awards, 2020, 2021
Finance Firm of the Year
Asia Legal Awards, 2021
Team of the year: M&A
IFLR1000 China Awards, 2021
M&A Firm of the Year - China
China Law and Practice, 2019, 2020
Most Attractive Employer
Universum China Awards, 2019-2022
PRC Firm, Hong Kong Office of the Year
Asian Legal Business, 2018
The Corporate Firm of the year
IFLR Asia Awards, 2018

Financial Industry

The Preeminent China-basedInternational Law Firm
Founded in 1993 and one of the most prestigious law firms in the region, Fangda Partners has over
700 lawyers. We serve a wide variety of major clients – including large MNCs, global financial
institutions, leading Chinese enterprises and fast-growing Hi-tech companies – on an extensive
range of commercial matters through our network offices in Beijing, Guangzhou, Hong Kong,
Shanghai and Shenzhen, offering PRC law and Hong Kong law.
We are the firm of choice for clients’ most challenging transactions and legal issues in many practiceareas. Since we were founded, we have advised on some of the largest and most complex corporate andfinance transactions in China, the region and globally. We have also assisted our clients with many
renowned and complex cases and arbitrations, compliance and government investigations in theregion.
Our service to clients is premised on the dual foundations of strong local law capabilities and a
global business outlook. Our lawyers are qualified in many jurisdictions, including the People's
Republic of China, Hong Kong SAR, England and Wales, the United States, Singapore and Australia.
Our understanding of the laws and processes in major jurisdictions around the world enables us toadvise our clients effectively on the largest and most complicated cross-border matters in China
and elsewhere. Our strengths have been widely recognized by our clients and peers. Chambers hascommented on our cross-border capabilities in the following terms – “outstanding quality of its
lawyers”, “high level of service that is comparable to international firms”, and “strong global outlook”.

Financial Industry
01

Financial Industry Practice
Fangda Partners’ Financial Industry Group regularly advises domestic and international clients on the most complex
and cutting-edge legal issues in the financial service sector in China. We are renowned for our participation in mostof the market-leading deals, for our deep understanding of the financial services sector in China, and for our ability
to help clients navigate through the complex financial services regulatory environments.

Fully fledged services
We offer fully fledged services relating to financial institutions
and the Chinese financial market, ranging from regulatory
work, transactions involving financial business to contentious
matters. We also advise Chinese financial institutions andinvestment companies on their outbound activities in
the financial services sector. Our clients include all key
participants in the financial services sector, including
investment banks, asset managers, commercial banks,financial sponsors, alternative fund managers, insurers
and fintech companies. In addition to licensing issues,
governance, products, marketing, compliance and generalregulatory issues, we have also advised clients on newissues with the emergence of fintech, including blockchain,e-signature, big data, data privacy, cybersecurity andother related issues.

Most experienced team
Our team comprises leading lawyers who have extensive
experience in advising financial institutions on regulatory
and M&A matters. Our team has developed longstanding
relationships with many of the leading international anddomestic financial institutions and know their businesses
well. We offer a unique combination of international
execution capabilities and in-depth understanding of
the domestic market and regulations to ensure thatmatters are handled efficiently, effectively and in clients’best interests.

Deep understanding of regulators andbusiness-oriented approach
We have developed close working relationships withmany of the regulatory bodies in China through working
with them on matters over many years. This practicalexperience enables us to provide clients not only with
tailored strategic advice but also well-informed tacticaladvice. We bring a practical and business-oriented approach
to offer the full range of commercial legal services,balancing client’s business needs with regulatorycompliance.

Recognition
National Law Firm of the Year: China
IFLR1000 Asia-Pacific Awards, 2019, 2022, 2023
Regulatory/compliance: PRC firms - Tier 1
The Legal 500 Asia-Pacific, 2017-2023
Firm of the year - Shanghai
IFLR1000 China Awards, 2021-2022
Golden League Awards (Nationwide elite law firms)
China Business Law Awards, China Business Law Journal, 2022
Private Equity & Venture Capital Firm of the Year – China
China Law & Practice Awards, 2022
Financial Services M&A Legal Adviser of the Year
Mergermarket China M&A Awards, 2020, 2021
M&A Legal Adviser of the Year
Mergermarket China M&A Awards, 2020, 2021
Finance Firm of the Year
Asia Legal Awards, 2021
Team of the year: M&A
IFLR1000 China Awards, 2021
M&A Firm of the Year - China
China Law and Practice, 2019, 2020
Most Attractive Employer
Universum China Awards, 2019-2022
PRC Firm, Hong Kong Office of the Year
Asian Legal Business, 2018
The Corporate Firm of the year
IFLR Asia Awards, 2018

Financial Industry
02

Hot topics· Acquisition of/application for securities license, asset management license, wealth management license,
fund distribution license, futures license, insurance license, banking license etc.
· Carbon trading (cross-border and domestically) and green finance products· Implication of China's financial regulatory revamp· CSRC’s enhanced requirements on cross-border business, and international banks’ revisiting internal guidelines· CSRC’s consultation rules on derivatives business and implication on offshore derivatives business· CSRC’s consultation rules on amended rules on futures companies and futures exchanges· CSRC’s new rules on overseas listing of domestic companies from perspective of offshore investment banks· NDRC foreign debt registration rules· Participation in onshore debt restructuring plan by offshore creditors and cross-border fund remittance arrangements(including QFIIs, CIBM investors and general bilateral creditors)· Cross-border data transfer agreement, security assessment and other general regulatory advice· Regulatory requirements and documentation in launch of wealth management business· Implication on anti-sanctions law on financial institutions· IT services/outsourcing arrangements· Regulatory requirements and documentation in relation to intra-group collaboration (cross-border and domestically),
and potential for setting up financial holding companies· Exiting strategies and transactions (equity transfer, asset transfer, liquidation, take-over)· Swap Connect, Bond Connect, QFII, QDII etc.

Financial Industry
03

Financial Industry
02

Hot topics· Acquisition of/application for securities license, asset management license, wealth management license,
fund distribution license, futures license, insurance license, banking license etc.
· Carbon trading (cross-border and domestically) and green finance products· Implication of China's financial regulatory revamp· CSRC’s enhanced requirements on cross-border business, and international banks’ revisiting internal guidelines· CSRC’s consultation rules on derivatives business and implication on offshore derivatives business· CSRC’s consultation rules on amended rules on futures companies and futures exchanges· CSRC’s new rules on overseas listing of domestic companies from perspective of offshore investment banks· NDRC foreign debt registration rules· Participation in onshore debt restructuring plan by offshore creditors and cross-border fund remittance arrangements(including QFIIs, CIBM investors and general bilateral creditors)· Cross-border data transfer agreement, security assessment and other general regulatory advice· Regulatory requirements and documentation in launch of wealth management business· Implication on anti-sanctions law on financial institutions· IT services/outsourcing arrangements· Regulatory requirements and documentation in relation to intra-group collaboration (cross-border and domestically),
and potential for setting up financial holding companies· Exiting strategies and transactions (equity transfer, asset transfer, liquidation, take-over)· Swap Connect, Bond Connect, QFII, QDII etc.

Financial Industry
03

Financial Industry
04

Financial Industry
05

Notable Matters

Securities and Futures Sector

Our experience includes advising:
Banking Sector• DBS Bank on its acquisition of Shenzhen Rural Commercial
Bank.
• Ant Financial on its various internet-based financing
services offered in China and globally.
• Central Huijin Investment on its acquisition of thecontrolling stake in Hengfeng Bank by subscriptionsof newly issued 60 billion ordinary shares.
• UBS on its US$2 billion pre-IPO investment in the
Postal Savings Bank of China.
• Citibank, as consortium head, on the US$3.06 billion
acquisition of a stake in Guangdong Development
Bank.
• Newbridge Capital, on its acquisition of the controllingstake in Shenzhen Development Bank, the first timea foreign investor had been permitted to obtain thecontrolling stake in a China-listed commercial bank.

• UBS on its US$500 million strategic investment in
the Bank of China and on the subsequent sale of its
shares following the expiry of the lock-up period.
• Fudeng Financial Holding Co. and Bank of China
on their RMB1 billion joint acquisition of the equity
interests of 15 rural banks held by China Development
Bank.

• A domestic investor on the acquisition of the controllingstake in a trust company.

• J.P. Morgan and Nomura, respectively, on establishing
their full-license securities joint ventures in Shanghai.
• Alibaba on its RMB3.5 billion acquisition of 3.25%of the shares in Huatai Securities.

• ANZ on the sale to DBS Bank of ANZ's retail and wealthmanagement businesses in China.

• J.P. Morgan on its acquisition of 51% equity interest
in its futures broker joint venture, the first wholly
foreign-owned futures broker.

• China Construction Bank on its acquisition of Banco
WestLB do Brasil, a subsidiary of WestLB in Brazil.
• J.P. Morgan and Citibank on the conversion ofcommercial banking branch in China into a wholly-owned
subsidiary.

• Royal Bank of Scotland on its acquisition of a stakein Suzhou Trust Company and the subsequent saleof that stake.
• Barclays Bank on its acquisition of a 19.5% shareholdingin New China Trust & Investment Co.

• J.P. Morgan on its investment in Bridge Trust Company.
• Bank of Montreal on its investment in COFCO Trust
Company.

• A leading global financial institution on its establishmentof a wholly foreign-owned futures brokerage firmin China.

• Dah Sing Bank on its strategic investment in Chongqing
Commercial Bank.

Trust Sector• Shanghai Electric and other investors in the risk
disposal and restructuring of Anxin Trust.

• Several leading international financial institutions inestablishing wholly foreign-owned securities firms
in China – recent cases including SCB successfully
obtaining regulatory approval to set up the first wholly
foreign-owned securities firm; BNP Paribas successfully
submitting its application to the CSRC for setting
up a wholly foreign-owned securities firm.

• Morgan Stanley on its investment in Hangzhou
Trust Co.

• A European bank on its equity step-up from 33% to
51% in its existing securities joint venture.
• China Renaissance and HSBC, respectively, onestablishing their full-license securities joint ventures
under the CEPA regime.
• Royal Bank of Scotland on its establishment of asecurities joint venture with Guolian Securities andits subsequent exit.

• UBS on its RMB1.7 billion investment in and restructuringof Beijing Securities, a landmark securities transactionin the China securities market.
• Goldman Sachs, Citigroup Global Markets Asia,
Morgan Stanley and Credit Suisse, respectively,on establishing their securities joint ventures with
Chinese investors.
• CLSA on its establishment, restructuring and disposalof its securities joint venture in China, the first securities
joint venture eligible to apply for an upgrade of its
business scope.
• BNP Paribas on its exit from Changjiang-BNPP, thefirst foreign exit from a Sino-foreign securities joint
venture established in China.
• Credit Suisse on its unilateral capital increase in
Credit Suisse Founder Securities Limited, the first casein the securities sector where a foreign shareholder
has increased its equity to majority interest througha capital increase.
• J.P. Morgan on its acquisition of a 49% stake in a PRC
futures brokerage firm and related restructuring
matters.
• A major PRC investment bank on its acquisition of a
PRC futures brokerage firm.
• UBS Securities on its acquisition of a 66.7% shareholding
in a PRC futures brokerage firm.

Financial Industry
04

Financial Industry
05

Notable Matters

Securities and Futures Sector

Our experience includes advising:
Banking Sector• DBS Bank on its acquisition of Shenzhen Rural Commercial
Bank.
• Ant Financial on its various internet-based financing
services offered in China and globally.
• Central Huijin Investment on its acquisition of thecontrolling stake in Hengfeng Bank by subscriptionsof newly issued 60 billion ordinary shares.
• UBS on its US$2 billion pre-IPO investment in the
Postal Savings Bank of China.
• Citibank, as consortium head, on the US$3.06 billion
acquisition of a stake in Guangdong Development
Bank.
• Newbridge Capital, on its acquisition of the controllingstake in Shenzhen Development Bank, the first timea foreign investor had been permitted to obtain thecontrolling stake in a China-listed commercial bank.

• UBS on its US$500 million strategic investment in
the Bank of China and on the subsequent sale of its
shares following the expiry of the lock-up period.
• Fudeng Financial Holding Co. and Bank of China
on their RMB1 billion joint acquisition of the equity
interests of 15 rural banks held by China Development
Bank.

• A domestic investor on the acquisition of the controllingstake in a trust company.

• J.P. Morgan and Nomura, respectively, on establishing
their full-license securities joint ventures in Shanghai.
• Alibaba on its RMB3.5 billion acquisition of 3.25%of the shares in Huatai Securities.

• ANZ on the sale to DBS Bank of ANZ's retail and wealthmanagement businesses in China.

• J.P. Morgan on its acquisition of 51% equity interest
in its futures broker joint venture, the first wholly
foreign-owned futures broker.

• China Construction Bank on its acquisition of Banco
WestLB do Brasil, a subsidiary of WestLB in Brazil.
• J.P. Morgan and Citibank on the conversion ofcommercial banking branch in China into a wholly-owned
subsidiary.

• Royal Bank of Scotland on its acquisition of a stakein Suzhou Trust Company and the subsequent saleof that stake.
• Barclays Bank on its acquisition of a 19.5% shareholdingin New China Trust & Investment Co.

• J.P. Morgan on its investment in Bridge Trust Company.
• Bank of Montreal on its investment in COFCO Trust
Company.

• A leading global financial institution on its establishmentof a wholly foreign-owned futures brokerage firmin China.

• Dah Sing Bank on its strategic investment in Chongqing
Commercial Bank.

Trust Sector• Shanghai Electric and other investors in the risk
disposal and restructuring of Anxin Trust.

• Several leading international financial institutions inestablishing wholly foreign-owned securities firms
in China – recent cases including SCB successfully
obtaining regulatory approval to set up the first wholly
foreign-owned securities firm; BNP Paribas successfully
submitting its application to the CSRC for setting
up a wholly foreign-owned securities firm.

• Morgan Stanley on its investment in Hangzhou
Trust Co.

• A European bank on its equity step-up from 33% to
51% in its existing securities joint venture.
• China Renaissance and HSBC, respectively, onestablishing their full-license securities joint ventures
under the CEPA regime.
• Royal Bank of Scotland on its establishment of asecurities joint venture with Guolian Securities andits subsequent exit.

• UBS on its RMB1.7 billion investment in and restructuringof Beijing Securities, a landmark securities transactionin the China securities market.
• Goldman Sachs, Citigroup Global Markets Asia,
Morgan Stanley and Credit Suisse, respectively,on establishing their securities joint ventures with
Chinese investors.
• CLSA on its establishment, restructuring and disposalof its securities joint venture in China, the first securities
joint venture eligible to apply for an upgrade of its
business scope.
• BNP Paribas on its exit from Changjiang-BNPP, thefirst foreign exit from a Sino-foreign securities joint
venture established in China.
• Credit Suisse on its unilateral capital increase in
Credit Suisse Founder Securities Limited, the first casein the securities sector where a foreign shareholder
has increased its equity to majority interest througha capital increase.
• J.P. Morgan on its acquisition of a 49% stake in a PRC
futures brokerage firm and related restructuring
matters.
• A major PRC investment bank on its acquisition of a
PRC futures brokerage firm.
• UBS Securities on its acquisition of a 66.7% shareholding
in a PRC futures brokerage firm.

Financial Industry
06

Financial Industry
07

Asset Management Sector• Morgan Stanley on increasing its stake in Morgan
Stanley Huaxin Fund Management Co., Ltd. to 100%.
• Warburg Pincus on its investment in Zhong Ou
Asset Management Co., Ltd.

Insurance Sector• UBS on its purchase of a 49% stake in China Dragon
Fund Management, the first foreign investor to holdthe maximum allowed percentage of equity stake ina Chinese fund management joint venture.

• BlackRock on its establishment of BlackRock CCB
Wealth Management Co., Ltd. together with CCB
Wealth Management Co., Ltd. and an affiliate of Temasek.

• UBS on its RMB3 billion pre-IPO strategic investment
in China Cinda Assets Management, one of fourstate-owned asset management companies in China
and the first asset management company to go public.

• BlackRock on its establishment of BlackRock FundManagement Co., Ltd. - the first wholly foreign-owned
mutual fund management company following thelifting of foreign shareholding restriction.

• Warburg Pincus on its pre-IPO strategic investment
in China Huarong Asset Management. Huarong is oneof four state-owned asset management companies
in China.

• Warburg Pincus in the sale of a portion of its equity
interest in Hwabao WP Fund Management Company.

• Credit Suisse First Boston on its joint venture with
ICBC, the first fund management joint venture between
a domestic bank and a foreign fund manager.

• SG Asset Management on the sale of its equity
interest in Hwabao Fund Management Company to
Warburg Pincus.
• Crédit Agricole on its fund management joint venturewith the Agricultural Bank of China.
• Nikko Asset Management on its acquisition of a
40% stake in Rongtong Fund Management.

• Ningbo Gongchuanglianying Equity Investment
Fund (Limited Partnership) on its acquisition of
the entire shareholding of Silverac Stella (Cayman)
Limited.

• China Ping An Life Insurance on its acquisition of
Zhengzhou Ping'an Financial Center.
• China Ping An Life Insurance on its acquisition ofa real estate in Beijing.
• An investor on its investment in and its establishmentof National Pension Insurance Company Ltd.
• Ping An Life Insurance in its acquisition from CapitaLandof majority stake in 6 Raffles City developments in
China.
• A foreign insurance company on its potential establishmentof a life insurance joint venture with a controllingstake.
• Morgan Stanley on its investment in Zhong An
Insurance, the first insurance company in China
approved to carry out internet insurance business.
• CP Group on its acquisition of a 15.57% stake in
Ping’An.
• BNP Paribas Cardif on its acquisition of a 50% stakein ING-BOB Life Insurance Company from ING.
• The Carlyle Group on its initial investment in a 24.9%
stake in China Pacific Life as a strategic investor andon the subsequent conversion of its investment to19.9% in its parent company, China Pacific Insurance.

Fintech Sector• UBS on setting up an innovative wealth management
online platform and successfully obtaining fund
distribution license.
• Tengyin, a renowned Fintech company, in its series
B capital raising.
• HKEX on its acquisition of a 51% interest in Shenzhen
Ronghuitongjin Tech Co.
• Ipreo on its establishment of a Sino-foreign joint
venture with Hundsun to deliver an electronic
bookbuilding solution for bond syndication in China.
• An international client on its investment into Lufax,
an online wealth management platform.
• Ant Financial on its domestic business and international
expansion.
• Ant Financial on its acquisition of Nuonuo, a leading
B2B platform, committed to providing merchantswith a whole set of taxation, invoices solutions andother value-added services.
• Warburg Pincus on its investment into Cango, aleading automotive finance service platform in China,
using cloud-based infrastructure.
• Morgan Stanley on its investment into Zhong An
Insurance.

• The National Trust on the RMB1 billion agreement
to establish a life insurance joint venture with HSBC
to provide a life insurance platform for HSBC in China.

• QTrade on its business cooperation with Tencent
regarding the establishment of a financial market
information-sharing platform.

• A Fortune 500 private group on its various proposed
investments in the European insurance sector, including
acquisition of majority shares in three insurancecompanies and its public offer to acquire shares ina listed insurance company via competitive bid.

• A global financial service provider on the proposed
offer of a number of trading platforms on a cross-borderbasis.
• A leading investment bank on its A+ round of investment
into a fintech company.

Financial Industry
06

Financial Industry
07

Asset Management Sector• Morgan Stanley on increasing its stake in Morgan
Stanley Huaxin Fund Management Co., Ltd. to 100%.
• Warburg Pincus on its investment in Zhong Ou
Asset Management Co., Ltd.

Insurance Sector• UBS on its purchase of a 49% stake in China Dragon
Fund Management, the first foreign investor to holdthe maximum allowed percentage of equity stake ina Chinese fund management joint venture.

• BlackRock on its establishment of BlackRock CCB
Wealth Management Co., Ltd. together with CCB
Wealth Management Co., Ltd. and an affiliate of Temasek.

• UBS on its RMB3 billion pre-IPO strategic investment
in China Cinda Assets Management, one of fourstate-owned asset management companies in China
and the first asset management company to go public.

• BlackRock on its establishment of BlackRock FundManagement Co., Ltd. - the first wholly foreign-owned
mutual fund management company following thelifting of foreign shareholding restriction.

• Warburg Pincus on its pre-IPO strategic investment
in China Huarong Asset Management. Huarong is oneof four state-owned asset management companies
in China.

• Warburg Pincus in the sale of a portion of its equity
interest in Hwabao WP Fund Management Company.

• Credit Suisse First Boston on its joint venture with
ICBC, the first fund management joint venture between
a domestic bank and a foreign fund manager.

• SG Asset Management on the sale of its equity
interest in Hwabao Fund Management Company to
Warburg Pincus.
• Crédit Agricole on its fund management joint venturewith the Agricultural Bank of China.
• Nikko Asset Management on its acquisition of a
40% stake in Rongtong Fund Management.

• Ningbo Gongchuanglianying Equity Investment
Fund (Limited Partnership) on its acquisition of
the entire shareholding of Silverac Stella (Cayman)
Limited.

• China Ping An Life Insurance on its acquisition of
Zhengzhou Ping'an Financial Center.
• China Ping An Life Insurance on its acquisition ofa real estate in Beijing.
• An investor on its investment in and its establishmentof National Pension Insurance Company Ltd.
• Ping An Life Insurance in its acquisition from CapitaLandof majority stake in 6 Raffles City developments in
China.
• A foreign insurance company on its potential establishmentof a life insurance joint venture with a controllingstake.
• Morgan Stanley on its investment in Zhong An
Insurance, the first insurance company in China
approved to carry out internet insurance business.
• CP Group on its acquisition of a 15.57% stake in
Ping’An.
• BNP Paribas Cardif on its acquisition of a 50% stakein ING-BOB Life Insurance Company from ING.
• The Carlyle Group on its initial investment in a 24.9%
stake in China Pacific Life as a strategic investor andon the subsequent conversion of its investment to19.9% in its parent company, China Pacific Insurance.

Fintech Sector• UBS on setting up an innovative wealth management
online platform and successfully obtaining fund
distribution license.
• Tengyin, a renowned Fintech company, in its series
B capital raising.
• HKEX on its acquisition of a 51% interest in Shenzhen
Ronghuitongjin Tech Co.
• Ipreo on its establishment of a Sino-foreign joint
venture with Hundsun to deliver an electronic
bookbuilding solution for bond syndication in China.
• An international client on its investment into Lufax,
an online wealth management platform.
• Ant Financial on its domestic business and international
expansion.
• Ant Financial on its acquisition of Nuonuo, a leading
B2B platform, committed to providing merchantswith a whole set of taxation, invoices solutions andother value-added services.
• Warburg Pincus on its investment into Cango, aleading automotive finance service platform in China,
using cloud-based infrastructure.
• Morgan Stanley on its investment into Zhong An
Insurance.

• The National Trust on the RMB1 billion agreement
to establish a life insurance joint venture with HSBC
to provide a life insurance platform for HSBC in China.

• QTrade on its business cooperation with Tencent
regarding the establishment of a financial market
information-sharing platform.

• A Fortune 500 private group on its various proposed
investments in the European insurance sector, including
acquisition of majority shares in three insurancecompanies and its public offer to acquire shares ina listed insurance company via competitive bid.

• A global financial service provider on the proposed
offer of a number of trading platforms on a cross-borderbasis.
• A leading investment bank on its A+ round of investment
into a fintech company.

Financial Industry
08

Financial Industry

Contact

FANG Jian

Grace Yu

Siyuan Pan

Ada Zou

Partnerjian.fang@fangdalaw.com

Partnergrace.yu@fangdalaw.com

Partnersiyuan.pan@fangdalaw.com

Partnerada.zou@fangdalaw.com

Lily YanSam Wang

Ge Hu

Kristy Tang

Partnerlily.yan@fangdalaw.com

Partnersam.wang@fangdalaw.com

Counselge.hu@fangdalaw.com

Counselkristy.tang@fangdalaw.com

Yao Zhang

Xiaoye Zhao

Lawrence Zhu

Counselyao.zhang@fangdalaw.com

Counselxiaoye.zhao@fangdalaw.com

Counsellawrence.zhu@fangdalaw.com© 2023 Fangda Partners
In some jurisdictions this communication may be considered attorney advertising. Past results
are no guarantee of future outcomes.

Financial Industry
08

Financial Industry

Contact

FANG Jian

Grace Yu

Siyuan Pan

Ada Zou

Partnerjian.fang@fangdalaw.com

Partnergrace.yu@fangdalaw.com

Partnersiyuan.pan@fangdalaw.com

Partnerada.zou@fangdalaw.com

Lily YanSam Wang

Ge Hu

Kristy Tang

Partnerlily.yan@fangdalaw.com

Partnersam.wang@fangdalaw.com

Counselge.hu@fangdalaw.com

Counselkristy.tang@fangdalaw.com

Yao Zhang

Xiaoye Zhao

Lawrence Zhu

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Zhujiang New Town
Guangzhou 510623, China

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Hong Kong

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HKRI Taikoo Hui
288 Shi Men Yi Road
Shanghai 200041, China

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Futian District
Shenzhen 518048, China

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