N.M. Rothschild & Sons (Hong Kong) has been given approval by the People's Bank of China to open a representative office in Shanghai. The office, to open next month, will liaise with other group companies on corporate and project finance transactions, asset management and treasury business. In 1992, Rothschild advised on the placing of B shares in Shanghai Wingsung Stationery Co. That was one of the first B-share issues by a Chinese company. Since then, Rothschild has co-led placings of B shares in the Shanghai Dajiang Group, the Shanghai Forever Bicycle Co and the Shanghai Chlor-Alkali Chemical Co. The Shanghai office will complement the group's network of offices in the Asia-Pacific region.