The investment-grade bonds are due 2028

Davis Polk advised the joint lead managers in connection with the issue of $300 million floating-rate bonds due 2028 by Orient ZhiSheng Limited, an indirect wholly owned subsidiary of DFZQ, unconditionally and irrevocably guaranteed by DFZQ.

DFZQ is engaged in securities and future brokerage, margin financing and securities lending, securities investment advisory, securities proprietary trading, asset management, agency sale of financial products, security underwriting and sponsorship and other business activities. DFZQ is listed on both The Hong Kong Stock Exchange and the Shanghai Stock Exchange.

The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

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