Bank of China's investment banking arm, BOC International, says it is on its way to becoming the leading one-stop investment bank in Greater China after winning a number of cross-border fund-raising mandates between the mainland and Hong Kong.
'Our strategy is to become a world-class, full-service investment bank focused on Greater China clients. So our focus is China! China! China!' BOCI chief executive Li Shan said.
BOCI will initially focus on investment banking and sales trading research. China's first state-owned investment bank has been successful at that, helping BoC Hong Kong (Holdings) raise US$2.84 billion from its Hong Kong listing.
Mr Li hinted that BOCI had won mandates in each of the investment banking division's four industry groups: power, transportation, technology companies and financial institutions. However, he declined to go into details.
BOCI recently won a mandate, along with JPMorgan, to help Shenzhen-listed Zhongxing Telecommunications Equipment list in Hong Kong.
Meanwhile, BOCI and Credit Suisse First Boston are managing the SAR listing plans of China's largest freight transport agent, Sinotrans.