Davis Polk advised China Reinsurance (Group) Corporation (“China Re”) in connection with its $700 million tap offering of notes by its subsidiary, China Reinsurance Finance Corporation Limited. The notes are supported by a keepwell and liquidity support deed from China Re.

China Re is the only state-owned domestic reinsurance group in the PRC and one of the world’s largest reinsurance groups in terms of reinsurance premium income.

The Davis Polk corporate team included partners Li He and Paul Chow and counsel Yang Chu. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Members of the Davis Polk team are based in the Beijing, Hong Kong and London offices.

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