Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Guotai Junan Securities   / Equity Capital Markets

Guotai Junan Securities, a top-tier security broker in China, is book building to raise US$2bn for its Hong Kong IPO. In our earlier insight (<a href="https://www.smartkarma.com/insights/guotai-junan-securities-ipo-second-if-not-the-largest-china-security-broker-a-h-premium-examined" target="_blank" data-smartkarma-citation="insights:9505">Guotai Junan Securities IPO: Second, if Not the Largest, China Security Broker, A-H Premium Examined</a>), we looked at the fundamentals of the company, its valuation in the A-share context and its peers' valuation in both A-share and H-share market. We also examined its peers' A-H premium which is critical to post-listing performance. In this insight, we will…

Guotai Junan Securities, a top-tier security broker in China, is book building to raise US$2bn for its Hong Kong IPO. In our earlier insight (Guotai Junan Securities IPO: Second, if Not the Largest, China Security Broker, A-H Premium Examined), we looked at the fundamentals of the company, its valuation in the A-share context and its peers' valuation in both A-share and H-share market. We also examined its peers' A-H premium which is critical to post-listing performance. In this insight, we will…

Guotai Junan IPO: A Big Player but Relatively Less Liquid, How A-H Premium Plays

Guotai Junan Securities is about to raise US$2bn from its Hong Kong listing. We have covered China brokers listing extensively last years, from <a href="https://www.smartkarma.com/entities/22736" target="_blank" data-smartkarma-citation="entities:22736:1">Everbright Securities (H) (6178 HK)</a>, <a href="https://www.smartkarma.com/entities/22777" target="_blank" data-smartkarma-citation="entities:22777:1">DFZQ Co Ltd (H) (3958 HK) </a>and <a href="https://www.smartkarma.com/entities/22738" target="_blank" data-smartkarma-citation="entities:22738:1">China Merchants Securities Co Ltd (H) (6099 HK)</a> to <a href="https://www.smartkarma.com/entities/23634" target="_blank" data-smartkarma-citation="entities:23634:1">China Industrial Securities International Financial Group (8407 HK)</a>. The company was listed on Shanghai Stock Exchange in 2015 and is well covered by mainland Chinese brokers. In this insight, we will compare its business with its peers…

Guotai Junan Securities is about to raise US$2bn from its Hong Kong listing. We have covered China brokers listing extensively last years, from Everbright Securities (H) (6178 HK), DFZQ Co Ltd (H) (3958 HK) and China Merchants Securities Co Ltd (H) (6099 HK) to China Industrial Securities International Financial Group (8407 HK). The company was listed on Shanghai Stock Exchange in 2015 and is well covered by mainland Chinese brokers. In this insight, we will compare its business with its peers…

Guotai Junan Securities IPO: Second, if Not the Largest, China Security Broker, A-H Premium Examined

Head of Research at Fusion Wealth Management Ltd

Michael McGaughy

Thematic (Sector/Industry)

In my research and investing I stress three things: people, structure, and value.  I look for companies that are controlled and managed by quality people, have corporate structures that align minority and majority shareholder interests and trade at valuations that are below fair value if not outright cheap. This note is actually not about any of that and instead just a quick one about bitcoin and how my initial skepticism may have been wrong.  I usually don’t write “macro” or ‘thought pieces’…

In my research and investing I stress three things: people, structure, and value.  I look for companies that are controlled and managed by quality people, have corporate structures that align minority and majority shareholder interests and trade at valuations that are below fair value if not outright cheap. This note is actually not about any of that and instead just a quick one about bitcoin and how my initial skepticism may have been wrong.  I usually don’t write “macro” or ‘thought pieces’…

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

Chinese Officials Turn a Blind Eye to Corruption

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond market. As the third largest bond market in the world, this could be a significant boost to international investors wanting access to the Mainland China debt market.<div class="content-highlight">On 15 March 2017, following the fifth annual meeting of the 12th National People' Congress, Premier Li Keqiang announced the intention to launch a bond trading link between China and Hong Kong…</div>

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond market. As the third largest bond market in the world, this could be a significant boost to international investors wanting access to the Mainland China debt market.On 15 March 2017, following the fifth annual meeting of the 12th National People' Congress, Premier Li Keqiang announced the intention to launch a bond trading link between China and Hong Kong…

China-Hong Kong Bond Connect on Its Way. A Legal Update from Dechert's Financial Services Group

China

Guotai Junan Securities Co.,Ltd. provides financial services. The Company offers corporate finance, fixed income securities, asset management, risk management, and other services. Guotai Junan Securities Company serves clients throughout China.

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Guotai Junan Securities (601211 CH)

Guotai Junan IPO: A Big Player but Relatively Less Liquid, How A-H Premium Plays

Guotai Junan Securities, a top-tier security broker in China, is book building to raise US$2bn for its Hong Kong IPO. In our earlier...

Ke Yan, CFA, FRM

Guotai Junan Securities IPO: Second, if Not the Largest, China Security Broker, A-H Premium Examined

Guotai Junan Securities is about to raise US$2bn from its Hong Kong listing. We have covered China brokers listing extensively last years, from...

Ke Yan, CFA, FRM

Bitcoin - The View From Lagos

In my research and investing I stress three things: people, structure, and value. I look for companies that are controlled and managed by quality...

Michael McGaughy

Chinese Officials Turn a Blind Eye to Corruption

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its...

Bixmoor

China-Hong Kong Bond Connect on Its Way. A Legal Update from Dechert's Financial Services Group

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond...

Dechert LLP

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)