| Project |
Year |
Money |
Section |
Category |
| NetDragon's overseas carve-out mergers with GEHI |
2023 |
USD800 million |
M&A |
Spinoff listing; reverse takeover; education |
| Snap-on, Mitchell against Autel over alleged data theft |
2023 |
N/A |
Intellectual Property |
Trade secrets; data security; automotive |
| Aquila SPAC debuts in Hong Kong |
2022 |
HKD1 billion |
Capital Markets |
SPAC; Hong Kong listing |
| Asia Innovation’s SPAC listing on NYSE |
2022 |
USD2.5 billion |
Capital Markets |
US listing; SPAC; internet |
| ECARX SPAC listing on Nasdaq |
2022 |
USD3.82 billion |
Capital Markets |
De-SPAC; US listing; automobile |
| EQT’s USD7.5bn merger with BPEA |
2022 |
USD7.5 billion |
Cross-border |
M&A; private equity |
| JD Property’s mandatory acquisition of China Logistics |
2022 |
HKD16.4 billion |
Domestic |
M&A; logistics |
| Li Auto’s USD2bn follow-on offering |
2022 |
USD2 billion |
Capital Markets |
Follow-on public offering; automobile |
| Modern Land restructuring of offshore notes |
2022 |
USD1.34 billion |
Cross-border |
Restructuring; real estate |
| NaaS merges with RISE, lists on Nasdaq |
2022 |
N/A |
Capital Markets |
US listing; reverse takeover |
| New Frontier Health privatisation |
2022 |
USD1.58 billion |
Capital Markets |
Privatisation; de-SPAC; medical |
| NIO’s listing by introduction in HK, Singapore |
2022 |
N/A |
Capital Markets |
Hong Kong listing; Singapore listing; listing by way of introduction |
| Royalty-backed financing of Yisheng Biopharma |
2022 |
USD40 million |
Cross-border |
Financing; life science |
| Tims China lists via SPAC on Nasdaq |
2022 |
USD1.4 billion |
Capital Markets |
de-SPAC; US listing; catering |
| Baidu’s secondary listing on SEHK |
2021 |
USD3.1 billion |
Capital Markets |
Hong Kong listing; internet |
| Didi Global’s USD4.4bn NYSE IPO |
2021 |
USD4.4 billion |
Capital Markets |
US listing; IPO; internet |
| JD Health’s USD3.4bn Hong Kong IPO |
2021 |
USD3.4 billion |
Capital Markets |
Hong Kong listing; pharmaceuticals |
| JD Logistics’ USD3.5bn Hong Kong listing |
2021 |
USD3.5 billion |
Capital Markets |
Hong Kong listing; logistics |
| Kuaishou Technology’s USD5.4bn Hong Kong IPO |
2021 |
USD5.4 billion |
Capital Markets |
Hong Kong IPO; technology |
| Tencent’s senior notes under global MTN programme |
2021 |
USD4.1 billion |
Capital Markets |
Senior notes; technology |
| Trip.com lists in Hong Kong |
2021 |
USD1 billion |
Capital Markets |
Hong Kong listing; travel |
| Xiaomi’s Hong Kong top-up placement |
2021 |
USD3 billion |
Capital Markets |
Technology |
| 58.com’s privatisation |
2020 |
USD8.7 billion |
Overseas Deals |
Privatisation; internet |
| Burning Rock Biotech’s Nasdaq listing |
2020 |
USD256 million |
Overseas Deals |
Nasdaq listing; medicine |
| China Merchants Commercial REIT’s HK listing |
2020 |
HKD2.56 billion |
Overseas Deals |
REIT |
| Huya’s USD10bn merger with Douyu |
2020 |
USD10 billion |
Deals in China |
M&A; games |
| JD Health’s Hong Kong IPO |
2020 |
HKD26.4 billion |
Overseas Deals |
Hong Kong IPO; pharmaceutical |
| JD.com’s secondary HK listing |
2020 |
N/A |
Overseas Deals |
Hong Kong IPO; e-commerce |
| KE Holdings’ US IPO |
2020 |
USD2.12 billion |
Overseas Deals |
US IPO |
| MINISO’s US IPO |
2020 |
USD608 million |
Overseas Deals |
US; IPO |
| NetEase’s secondary listing in HK |
2020 |
HKD21 billion |
Overseas Deals |
US listing; internet |
| Ninebot’s Star market IPO |
2020 |
RMB1.241 billion |
Deals in China |
Star market |
| Alibaba Group’s Hong Kong IPO |
2019 |
HKD88 billion |
Overseas Deals |
Hong Kong IPO; e-commerce |
| Canaan Technology’s Nasdaq listing |
2019 |
USD400 million |
Overseas Deals |
US listing |
| CMGE’s Hong Kong listing |
2019 |
HKD1.31 billion |
Overseas Deals |
Hong Kong IPO; games |
| Douyu’s Nasdaq IPO |
2019 |
USD775 million |
Overseas Deals |
US listing; internet |
| Hansoh Pharmaceutical’s HK IPO |
2019 |
HKD100 billion |
Overseas Deals |
Hong Kong IPO; pharmaceutical |
| IDreamSky Technology’s HK listing |
2019 |
HKD838 million |
Overseas Deals |
Hong Kong IPO; internet |
| Tencent Music’s US listing |
2019 |
USD1.1 billion |
Overseas Deals |
US listing; entertainment industry |
| Weibo’s Hong Kong secondary listing |
2021 |
USD385 million |
Capital Markets |
Hong Kong listing; technology |
| Apex Technology acquires Lexmark International |
2016 |
N/A |
Overseas Deals |
Overseas M&A; TMT |
| Aurora Mobile’s Nasdaq IPO |
2018 |
USD77 million |
Overseas Deals |
US listing; data technology |
| BOCOM International's Hong Kong IPO |
2017 |
N/A |
Overseas Deals |
Equity capital market; Overseas listing |
| BTG Hotels'srestructuring and acquisition of Home Inns Group |
2016 |
N/A |
Deals in China |
Asset restructuring; hotel industry; privatization |
| C.H.M.T. purchases The Center in Hong Kong |
2018 |
HKD40.2 billion |
Overseas Deals |
Real Estate |
| China Literature’s Hong Kong IPO |
2018 |
HKD8.3 billion |
Overseas Deals |
Hong Kong listing; eBooks |
| Innovent Biologics’ Hong Kong IPO |
2018 |
HKD3.156 billion |
Overseas Deals |
Hong Kong listing; Biopharmaceuticals |
| Intime Retail's privatization |
2017 |
USD2.55 billion |
Overseas Deals |
Privatization; Retail |
| Meituan Dianping’s Hong Kong IPO |
2018 |
USD4.2 billion |
Overseas Deals |
Hong Kong IPO; E-commerce |
| Meituan-Dianping'sUSD3.3 billion fundraising |
2016 |
USD3.3 billion |
Overseas Deals |
Private equity; TMT |
| NIO’s NYSE IPO |
2018 |
USD1 billion |
Overseas Deals |
US IPO; Electric vehicles |
| Ping An Healthcare and Technology’s Hong Kong IPO |
2018 |
HKD8.77 billion |
Overseas Deals |
Hong Kong IPO; Healthcare |
| Qihoo 360 Technology goes private |
2016 |
USD9.3 billion |
Overseas Deals |
Private equity; privatization; TMT |
| SenseTime’s series C/C+ round financing |
2018 |
USD1.22 billion |
Deals in China |
PE/VC; AI |
| Top Spring issues convertible bonds |
2016 |
N/A |
Overseas Deals |
Convertible bonds |
| WuXi Biologics'sHong Kong IPO |
2017 |
N/A |
Overseas Deals |
Overseas listing; Biotechnology |
| Xiaomi’s Hong Kong IPO |
2018 |
HKD36 billion |
Overseas Deals |
Hong Kong IPO |
| 21Vianet Group’s bond offering |
2013 |
USD163.5 million |
Debt capital market |
Debt capital market |
| A syndicated loan to Alibaba |
2013 |
USD8 billion |
Banking & Finance |
Banking & Finance |
| Alibaba Group’s debut notes offering |
2015 |
USD8 billion |
Debt capital marke |
Debt capital marke |
| Alibaba Group’s investment in Youku Tudou |
2014 |
USD1.22 billion |
Deals in China |
M&A |
| Alibaba Group’s NYSE IPO |
2014 |
USD25 billion |
Overseas Deals |
Equity capital market |
| Alibaba’s acquisition of an 18% stake in Sina’s Weibo |
2013 |
USD586 million |
Deals in China |
M&A |
| Baidu’s acquisition of 91 Wireless |
2013 |
USD1.9 billion |
Deals in China |
M&A |
| Baidu's notes offering on NASDAQ |
2014 |
USD1 billion |
Debt capital market |
Debt capital market |
| Baidu’s notes offerings |
2013 |
USD2.5 billion |
Debt capital market |
Debt capital market |
| Cheung Kong and Hutchison’s reorganization, spin-off and listing |
2015 |
USD54.2 billion |
Restructuring |
Restructuring |
| China Mobile Games and Entertainment Group’s privatization |
2015 |
USD743 million |
Take private |
Take private |
| Didi Dache’s merger with Kuaidi Dache |
2015 |
USD6 billion |
Deals in China |
M&A |
| Focus Media’s delisting from Nasdaq |
2013 |
USD3.7 billion |
Take private |
Take private |
| Giant Interactive’s take private transaction |
2014 |
USD3 billion |
Take private |
Take private |
| Greenland’s bond offering |
2014 |
USD1 billion |
Debt capital market |
Debt capital market |
| JD.com Inc’s IPO on NASDAQ |
2014 |
USD2.05 billion |
Overseas Deals |
Equity capital market |
| Shuanghui’s acquisition of Smithfield |
2013 |
USD7.1 billion |
Overseas Deals |
M&A |
| Tencent and JD.com’s investment in Bitauto Holdings |
2015 |
USD1.55 billion |
Debt capital marke |
Debt capital marke |
| Tsinghua Unigroup’s acquisition of RDA Microelectronics |
2014 |
USD910 million |
Deals in China |
M&A |
| WH Group’s HK IPO |
2014 |
USD2.36 billion |
Overseas Deals |
Equity capital market |
| Youku and Tudou merger |
2012 |
USD 1.1 billion |
Deals in China |
M&A |
| Alibaba's privatisation and repurchase of half of Yahoo's stake |
2012 |
USD9.6 billion |
Take private |
Take private |
| Alibaba's privatisation and repurchase of half of Yahoo's stake |
2012 |
USD9.6 billion |
Take private |
Take private |
| Shanda goes private |
2012 |
USD2.3 billion |
Take private |
Take private |
| Nestle buys Hsu Fu Chi |
2011 |
USD1.7 billion |
Deals in China |
M&A |
| Hui Xian REIT IPO (Hong Kong) |
2011 |
RMB10.5 billion |
Overseas Deals |
IPO |
| Take-private of Chemspec |
2011 |
USD125 million |
Take private |
Take private |
| China SCE Property high-yield bonds |
2011 |
USD301 million |
Bonds |
Bonds |
| Intime Department Store bond |
2011 |
RMB1 billion |
Bonds |
Bonds |
| Softbank settlemen |
2011 |
USD2 billion -6 billion |
Disputes |
Disputes |
| China Ming Yang Wind Power Group IPO |
2010 |
USD350 million |
Overseas Deals |
Capital markets;listings |
| GNPower Mariveles project |
2010 |
USD580 million |
Infrastructure, Power & Project Finance |
Infrastructure, Power & Project Finance |
