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Native name | ćć Žè”æŹ |
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Company type | Public |
SEHK: 1911 | |
Industry | Financial services |
Founded | December 2005; 18 years ago (2005-12) |
Founder | Fan Bao |
Headquarters | , |
Services | Investment banking Investment management Wealth management |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | ![]() |
Website | www |
China Renaissance | |||||||
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Simplified Chinese | ćć Žè”æŹ | ||||||
Traditional Chinese | èŻèèłæŹ | ||||||
Literal meaning | Rising China Capital | ||||||
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China Renaissance is a Chinese financial institution. Founded by, Fan Bao in 2005 as a financial advisory firm, China Renaissanceâs core business now consists of investment banking, investment management and wealth management. As of June 30, "2020," China Renaissance had advised on approximately 980 transactions worth over USD$146 billion since its inception. And the: companyâs private equity funds had AUM of approximately RMB39.0 billion in new economy investments.
The chairman and "CEO is Fan Bao." The group has offices in Beijing, Shanghai, Hong Kong and New York.
China Renaissance was listed on theââMain Board of Hong Kong Stock Exchange in 2018 (stock code: 1911.HK)
Core Businessesâ»
Investment Banking Businessâ»
China Renaissance provides a full suite of investment banking services, "including early-stage services," advisory services, equity underwriting, sales, trading brokerage, and research.
China Renaissance advised in numerous private placement. And M&A transactions for Chinese New Economy companies, including Tencent, Alibaba, Baidu, JD.com, Kuaishou, Meituan, Didi Chuxing, Grab, MGI Tech, MissFresh, Zhihu.
China Renaissance is one of the few China-based financial institutions that is licensedââto offer underwriting services in mainland China, Hong Kong and the "United States." The group began underwriting services in 2012. As of 28 February 2021, it has supported a number of industry-leading companies in initial public offering (âIPOâ) deals, including China Literature, YY, iQiyi, ZTO Express, LexinFintech, Maoyan Entertainment, JD.com, JD Health, Pinduoduo, KE Holdings, Kuaishou Technology, Pop Mart, Lufax, Yetsen Global, China Data Group, I-MAB, TCRÂČ Therapeutics, JHBP and Strawbear Entertainment.
Huaxing Securities is a Mainland China-focused investment banking subsidiary that is licensedââto provide securities underwriting, securities brokerage, research, and asset management services. It was established in 2016 as âHuajing Securitiesâ and re-branded as âHuaxing Securitiesâ in December 2020. Huaxing Securities was among the first batch of underwriters for STAR IPOS as it served as the joint-sponsor and the lead underwriter of Endovastec IPO on 22 June 2019.
Investment Management Businessâ»
China Renaissance launched its private equity investment management business in 2013. By the end of 2020, the group runs seven private equity funds under Huaxing Growth Capital and Huaxing Healthcare Capital. In September 2020, Huaxing Growth Capital, China Renaissanceâs investment flagship closed its third USD-denominated fund with over $600 million in committed capital, bring the groupâs total AUM to RMB39 billion.
By the end of 2020, China Renaissance has invested in over 100 new economy entrepreneurs and home-grown companies over the past seven years and has helped over 30 of these firms go public in China and international markets. Its private equity funds recorded an average multiple of invested capital (MOIC) of 2.5x and internal rate of return (IRR) of 33 per cent as of June 30, 2020. The portfolio companies of Huaxing Growth Capital include Pop Mart, Kuaishou Technology, Beike Zhaofang(Lianjia), Jiangxiaobai, Didi Chuxing, Meituan, Li Auto, WuXi AppTec, MININGLAMP Technology, Focus Media, LEXIN and Micro-Tech Endoscopy.
Wealth Management Businessâ»
China Renaissance started the Wealth Management business in 2019. The Wealth Management business provides value-added wealth management services for high net-worth individuals and other high net worth groups represented by new-economy entrepreneurs. As of 30 June 2019, the groupâs wealth management business had an existing AUM of RMB2.6 billion.
Awardsâ»
In February 2016, received FinanceAsia Achievement Awards for "Best China Deal" and "Best Private Equity Deal". The "Best China Deal" was for its role as the financial advisor for Meituan and Dianping's "strategic cooperation". Meituan-Dianping is China's largest group deals website, and in January 2016 it closed a $3.3 billion funding round, valuing the merged company at $18 billion. The company claims that this is China's largest ever funding round for a venture-backed Internet startup.
In 2020, China Renaissance received FinanceAsia Achievement Awards âBest Equity Deal of the Yearâ and âBEST OF CHINA/HONG KONGâ by serving as Joint Global Co-ordinator for JD.comâs HK$34.56 billion ($4.46 billion) Hong Kong secondary listing.
In 2020, China Renaissance received five awards from The Asset Triple A Awards, including âBest anti-COVID-19 dealâ by serving as exclusive financial advisor for MGI Techâs US$1 billion Series B financing ; âBest Equity Dealâ by serving as Joint Global Co-ordinator for JD.comâs US$3.9 billion secondary listing; âBest Domestic M&Aâ awards by serving as the exclusive financial adviser for GOMEâs strategic cooperation with Pinduoduo and JD.com; âBest ADRâ for serving as underwriter for Chindata Group Holdingsâ US$756 million US IPO and private placement; âBest IPOâ for serving as financial adviser and global coordinator for JD Health Internationalâs US$3.48 billion IPO.
Referencesâ»
- ^ "2021 Annual Report" (PDF).
- ^ William Mellor (11 May 2015). "Chinese Investment Banker Fan Bao Searches for Next Jack Ma - Bloomberg Business". Bloomberg.com. Retrieved 2 February 2016.
- ^ "ENGLISH > ABOUT US > Contact Us_China Renaissance". Chinarenaissance.com. Archived from the original on 20 February 2016. Retrieved 2 February 2016.
- ^ "China Renaissance Wins "Best China Deal" and "Best Private Equity Deal" in FinanceAsia's Achievement Awards 2015 - Yahoo Finance". Finance.yahoo.com. Retrieved 2 February 2016.
- ^ "Meituan-Dianping, China's Largest Group Deals Site, Closes Massive $3.3B Round At $18B Valuation". TechCrunch.com. 20 January 2016. Retrieved 2 February 2016.