Slaughter and May is advising China Re on what is one of the largest IPOs in Hong Kong in 2015

28 Oct 2015

Slaughter and May, Hong Kong, is advising China Reinsurance (Group) Corporation (China Re) on the global offering and the listing (IPO) on the Main Board of the Hong Kong Stock Exchange of its H shares. China Re has raised approximately HK$15.6 billion (US$2 billion) through the offering (before any exercise of the over-allotment option in relation to the offering). China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited and HSBC Corporate Finance (Hong Kong) Limited were the joint sponsors. Dealing in the shares of China Re on the Hong Kong Stock Exchange commenced on 26 October 2015 and it is one of the largest IPOs in Hong Kong in 2015.

China Re is currently the only domestic reinsurance group in the PRC and its clients include 93% of the country's insurance companies. China Re is Asia’s largest reinsurance group (with gross written reinsurance premiums of US$8.37 billion in 2014) and the world’s eighth largest by reinsurance premium income. China Re has four principal business divisions, being property and casualty reinsurance, life and health reinsurance, primary P&C insurance and asset management.

Contacts

Capital Markets and Corporate: Peter Brien (partner), Lisa Chung (partner), John Moore (partner), Charlton Tse (partner), Benita Yu (partner), Frank Bi (associate), Jianhao Zheng (associate), Jing Chen (associate), Richard Tan (associate), Jacky Man (associate), Eric Fung (associate), Jason Cheng (trainee), Benjamin Luo (paralegal), Siqing Li (paralegal)


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