Program members will support Shanghai’s plans to become one of the world’s top investment centers
HONG KONG, July 07, 2022 (GLOBE NEWSWIRE) — China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) is pleased to be selected by the Shanghai Municipal Economic and Informatization Commission to become a member of the Shanghai Global Investment Partnership Program 2022 at this year’s Shanghai Global Investment Promotion Conference, attended by China Renaissance Co-Founder Mr. Xie Yijing. As part of the program, China Renaissance will join leading investment, technology and professional services firms to support the Shanghai government to implement the city’s 2022 investment promotion program in four “new directions” – digital economy, green economy, metaverse and smart terminals. The nine other members of the program are IQVIA, Ballard Power Systems, Groupe Speciale Mobile Association, Accenture, Roland Berger, Boston Consulting Group, Jones Lang LaSalle, Oaktree Capital and GSR Ventures.
Launched by the Shanghai government in 2021, the Shanghai Global Investment Promotion Conference aims to attract global investment and promote high-quality economic development in the city. During the 2022 conference, officials and business leaders witnessed the signing of 322 investment projects worth RMB 565.8 billion (US$84.3 billion), a significant increase compared to the signing of 216 projects in total worth RMB 490 billion (US$74.9 billion) in 2021.
As a leader with a proven track record of supporting smart economy champions, China Renaissance will continue to provide the Company’s rich experience in global primary and secondary capital markets to act as a bridge between China’s capital markets and the rest of the world in support of the Promotion Program investment in Shanghai 2022 Since its founding in 2005, China Renaissance has been dedicated to identifying companies with high growth potential and serving as a trusted partner to support their value creation journey. This includes successfully introducing high-potential enterprises to Shanghai, such as Poizon, SenseTime, Navitas, and Black Lack Technology, and providing investment banking services to hundreds of Shanghai-based companies, such as Zhenkunxing, ATRenew, and Qinglang Intelligent.
The background is on China Renaissance’s main business segments: Huaxing Growth Capital, Investment Banking and CR Securities
Huaxing Growth Capital
Huaxing Growth Capital (“HGC”) is the lead fund in the investment management segment of China Renaissance and the main equity investment arm of the Company, which manages four USD-denominated funds and four RMB-denominated funds with a total assets under management (“AUM”) of US$5.8 billion as of December 31, 2021. Huaxing Growth Capital enjoys an unparalleled industry network and extensive market coverage by leveraging the comprehensive resources provided by the company’s platform. In addition to acting as a preferred partner and quasi-strategic investor for China’s smart economy champions, Huaxing Growth Capital serves as a bridge to help global investors reach attractive investment opportunities in China. HGC aims to explore growth opportunities in China’s emerging smart economy by capitalizing on transformations in the consumer, industrial, healthcare and enterprise services sectors, as well as the technologies that enable the smart economy, namely the five main investment themes: smart technology, smart industries, smart healthcare, smart enterprises and smart consumption.
China Renaissance’s investment banking segment has maintained its leadership position in the private credit market for 17 consecutive years, advising leading companies in technology, healthcare, corporate services and other high-growth sectors.
CR Securities was launched in Shanghai in 2016. As one of the first securities firms established in accordance with the 10th Supplementary Agreement to the Mainland-Hong Kong Closer Economic Partnership Agreement (“CEPA”), CR Securities has played an active role in the development of China’s capital market and was one of the first sponsors of companies listed on the Science and Technology Innovation Council on the Shanghai Stock Exchange.
On the Chinese Renaissance
Founded in 2005, China Renaissance (“CR”) is a leading financial institution that provides private placement and M&A advisory, equity underwriting, sales and trading, research, investment management and other services. For the past 17 years, CR has dedicated itself to identifying companies with significant growth potential and serving as a trusted partner in supporting their value creation journey.
CR has offices in Beijing, Shanghai, Hong Kong, Singapore and New York, with more than 650 employees. As of June 30, 2021, China Renaissance has advised and invested in over 1,125 transactions with a total value of over RMB 1.4 trillion (~US$220 billion). As of December 31, 2021, the company’s private equity funds had assets under management (“AUM”) of over RMB 49 billion (~US$7.7 billion).
CR Securities (formerly known as “Huajing Securities”) is one of the first securities firms established under Appendix X of the “Hong Kong Mainland and Closer Economic Partnership Agreement (CEPA)”. Since its inception, CR Securities has assembled strong investment banking, fixed income, asset management, wealth management, securities brokerage and research teams to serve existing and new clients.
For more information, please visit the company’s website at http://www.huaxing.com/
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