Upon the approval issued by the CBRC and other relevant authorities, China Huarong has successfully introduced eight strategic investors in this round of strategic investment, including China Life (the existing shareholder of China Huarong), Warburg Pincus, CITIC，Khazanah, CICC, COFCO，FOSUN and Goldman Sachs. 

This round of strategic investment is strongly supported by the Ministry of Finance, People’s Bank of China and CBRC, and there have been over 80 domestic and foreign institutions bidding for a chance to invest into China Huarong. For this strategic investment, China Life and the other seven strategic investors invested RMB 14.543 billion in total, accounting for 20.98% of the enlarged share capital of China Huarong. According to sources, after this round of strategic investment, China Huarong will go public as the plan approved by the State Council.

Global Law Office acted as the PRC legal counsel to Khazanah and involved in the whole process of client’s investment including the due diligence and negotiations work. Our team was led by our Beijing-based partners Mr. Jinrong Liu, Mr. Michael Yu and Mr. Alex Liu as well as other team members include over ten experienced associates.