China Banking Regulatory Commission has recently approved the Postal Savings Bank of China’s RMB45.1 billion strategic financing through issuance of 16.92% new shares. 10 strategic investors participated in this financing, including UBS, JP Morgan, DBS, Canada Pension Plan Investment Board, Temasek, International Finance Corporation, China Life Insurance, China Telecom, Ant Financial and Tencent.

Global Law office acted as the legal counsel to International Finance Corporation in this transaction and provided a full range of legal services, including conducting the legal due diligence, designing the deal structure, negotiating the transaction documents, and obtaining the governmental approval for this project. Global’s team was led by our partner Mr. Jinrong Liu, and the other team members include Shifang Guo, Xuehui Piao, Hua Ye and Tingting Lin.