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China Renaissance expands equity trading business to HK

CHINA Renaissance, an investment advisory firm specialized in technology startups, today announced the expansion of its equity trading business to Hong Kong.

The new service will offer local institutional investors greater access to mainland’s vibrant innovative companies that will benefit most from China’s economic restructuring, the Beijing-based company said in a statement today.

“The full set-up of our equities business will offer investors the opportunity to be part of mainland’s growth story and will also offer these companies alternative sources of capital,” said Gloria Lu, head of equities at China Renaissance.

Since its establishment in 2004, China Renaissance has advised on over 250 high-profile transactions in China’s TMT sector, including initial public offerings, convertible bond offerings, private placements and mergers and acquisitions.

The company served as financial advisor in technology deals including the merger of Chinese classified ad site 58.com and rival Gan-ji.com and the US$6 billion merger between taxi-hailing apps Didi and Kuaidi.

Earlier this month, the company signed a strategic cooperation agreement with CITIC Securities, China’s largest listed brokerage, to offer financial services for tech-focused startups.




 

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