Davis Polk advised the joint bookrunners and joint lead managers on a Regulation S-only offering of $300 million aggregate principal amount of 2.25% senior notes due 2019 by Dongxing Voyage Company Limited, a wholly owned subsidiary of Dongxing Securities (Hong Kong) Limited, and guaranteed by Dongxing Securities (Hong Kong) Financial Holdings Limited and China Orient Asset Management (International) Holding Limited.

Dongxing Securities Limited is one of the leading securities firms in China, providing comprehensive securities services, including brokerage, sales and trading, investment banking and investment management. China Orient Asset Management (International) Holding Limited is one of the leading asset management companies in China, offering a broad range of financial services and products, including its core business of non-performing asset management.

The Davis Polk corporate team included partner Paul Chow, counsel Margie Chan, associate Bingqing Pan and registered foreign lawyer Sam Huang. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.