Davis Polk advised the joint lead managers in connection with the issue of $300 million floating-rate senior bonds due 2022 and €200 million 0.625% senior bonds due 2022 by DFZQ.

Listed on both The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange, DFZQ is a domestic investment bank in the PRC, principally engaged in securities and futures 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 approved by the China Securities Regulatory Commission.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and associate Hei Tung Cheng. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.