China Cinda Asset Management $2 Billion Medium-Term Note Program Establishment and Offering

Davis Polk advised the dealers in connection with the establishment of $2 billion medium-term note program by China Cinda (2020) I Management Limited which is a wholly owned subsidiary of China Cinda (HK) Holdings Company Limited, and the $2 billion Regulation S notes offering under the program consisting of $700 million aggregate principal amount of its 2.000% guaranteed senior notes due 2023, $500 million aggregate principal amount of its 2.500% guaranteed senior notes due 2025, $300 million aggregate principal amount of its 3.000% guaranteed senior notes due 2027 and $500 million aggregate principal amount of its 3.125% guaranteed senior notes due 2030.

Cinda HK is the sole strategic offshore investing and financing platform of Cinda Group (China Cinda Asset Management Co., Ltd. and its subsidiaries). With a successful track record of more than 20 years, Cinda HK has swiftly achieved its strategic mission, linking Cinda Group with offshore capital markets and paving the way for oversea expansion. Cinda HK is also dedicated to maintain and enhance its position as Cinda Group’s overseas platform through consolidating and leveraging the distinct expertise and competitive strengths of its subsidiaries and affiliates, including Nanyang Commercial Bank, Limited., China Cinda (HK) Asset Management Co., Limited (the “CCAM”), Sino-Rock Investment Company Limited (漢石投資管理有限公司) and other financial institutions licensed for multiple lines of regulated financial activities.

The Davis Polk corporate team included partners Yang Chu and Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Jennifer Liu. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.