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published DECEMBER 22, 2009

Freshfields advises on China Pacific Insurance and China Longyuan Power Group Hong Kong IPOs

International law firm Freshfields Bruckhaus Deringer has advised on the IPOs of China Pacific Insurance and China Longyuan Power Group in Hong Kong, bringing the total number of listings on which it has advised in 2009 to 14. Following these latest two IPOs which took place in December, Freshfields has now advised on each of the five largest IPOs in Hong Kong in 2009, which are also five of the world’s ten largest IPOs for the year, namely: ■Metallurgical Corporation of China - US$5.2bn raised. ■China Minsheng Banking Corp - US$3.9bn raised. ■China Pacific Insurance - US$3.1bn raised. ■China Longyuan Power Group - US$2.6bn raised. ■Sands China - US$2.5bn raised. Six of the IPOs on which Freshfields has advised have each raised more than a billion US dollars. In addition to those listed above, Glorious Property raised US$1.28bn. Kay Ian Ng, Global Co-Head of Capital Markets at Freshfields Bruckhaus Deringer, commented: 'We are delighted to have worked on so many significant IPO mandates and grateful to our clients to have entrusted us to work on such key advisory roles. Our 2009 track record clearly demonstrates our leading market position in the IPO market.' Background to latest IPOs China Longyuan Power Freshfields has advised the underwriters, led by joint book runners Morgan Stanley and UBS, on the US$2.6bn initial public offering of China Longyuan Power Group, China's largest wind power company. Partners Antony Dapiran and Calvin Lai led the Freshfields team which comprised Richard Wang, Carmen Chau, Xu Feifei, Iris Leung and James Hyre. China Pacific Insurance Freshfields has advised China Pacific Insurance on its US$3.1bn Hong Kong IPO and global offering. China Pacific Insurance is a leading composite insurance group in China. It ranked third in the PRC life insurance market and second in the PRC property and casualty insurance market in terms of gross written premiums. The team was led by partners Kay Ian Ng and Calvin Lai. They were assisted by associates Raymond Ng Zhaoyu Ren, Liu Yumin, Vincent Wang and Iris Leung. The listings on which Freshfields has advised in 2009 are as follows: ■Hutchison Telecom – 8 May ■Bawang – 3 July ■Metallurgical Corporation of China Ltd – 24 September ■Glorious Property Holdings Limited – 2 October ■China Resources Cement Holdings Limited – 6 October ■Yingde Gases Group Company Limited – 8 October ■Powerlong Real Estate Holdings Limited – 14 October ■Trinity Limited – 3 November ■Evergrande Real Estate Group Limited – 5 November ■Sany Heavy Equipment International Holdings Company Limited – 25 November ■China Minsheng Banking Corp., Ltd. – 26 November ■Sands China Ltd. – 30 November ■China Longyuan Power – 10 December ■China Pacific Insurance – 16 December