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Hong Kong
J.P. Morgan has had a presence in Hong Kong for over 75 years. Today we employ over 3,000 people in Hong Kong and have plans to significantly increase this workforce. We are one of the few fully integrated global investment banks able to combine specialist local knowledge with leadership positions across a wide spectrum of financial products.
J.P. Morgan has the longest established investment bank in Hong Kong since 1930s, with one of the largest presence among all foreign investment banks in Hong Kong. Hong Kong is J.P. Morgan's second largest office outside the U.S.. With 77 years of history and an unassailable local network, the Hong Kong office operates as the headquarter for Asia. The firm has increased its capital commitment with the number of staff in Hong Kong rising by 30% in the past two years.
To ensure that our clients have access to our extensive network of products, knowledge and ideas, our primary businesses in Hong Kong includes Investment Banking (Mergers and Acquisitions advisory, Debt and Equity Capital Market, Sales and Trading of Equities and Equities Research, Credit & Rate Markets), Treasury and Securities Services, Private Banking and Investment Management. We have built the strongest execution platform that combines product, sector and country experts together in a seamless fashion, allowing us to execute more transactions whilst at the same time achieve superior results.
The firm’s leadership in Hong Kong has been well recognized. The firm was named 'The Best Foreign Investment Bank in Hong Kong' in FinanceAsia's 2006 Country Awards. The Asset magazine named J.P. Morgan 'Best Equity House' and 'Best Foreign Investment Bank' in its 2006 Triple A Country Awards, two years in a row.
J.P. Morgan also captured the No.1 position in the Hong Kong equity-lined market for four consecutive years. Some of the notable transactions in the past 12 months include Noble Group's US$250mn convertible bond, Kerry Properties' US$301mn convertible bond and Galaxy Entertainment's US$240mn convertible bond offering.
In the past 12 months, the firm also was bookrunner for more than 15 deals in Hong Kong's equity market. These include Shui On Land's US$875mn IPO, Hong Kong Land's US$511mn placement and Computime's US$67mn IPO, which was named the Best Small Cap IPO by FinanceAsia in 2006.
J.P. Morgan acted as exclusive financial advisory in many of the significant M&A transactions in Hong Kong. The firm was the exclusive financial advisory to Pacific Century Regional Development on the US$900mn sale of its subsidiary Pacific Century Insurance to Fortis. We also acted as exclusive financial advisory to CITIC International Financial Holdings on its 15% stake sale to Banco Bilbao Vizcaya Argentaria for $630mn.
Our innovative debt financing solutions allowed us to maintain continued leadership in the debt space in Hong Kong. We were sole bookrunner in Road King Infrastructure's US$350mn high yield bond offering, the largest high yield bond offering by a Hong Kong based company. We acted as sole lead manager in Bank of East Asia's US$600mn bank capital transaction, the largest lower tier II bank capital transaction in Hong Kong.
As a symbol of our commitment, J.P. Morgan actively participated in local charity events in Hong Kong. For example, we sponsored the Hong Kong Po Leung Kuk for its Scholarship Fund and Language Training Program and the Yan Oi Tong Library. Our commitment, strong track record and cutting edge investment banking solutions have made J.P. Morgan the most trusted investment banks by Hong Kong clients.
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