Clifford Chance has advised the Industrial and Commercial Bank of China on the establishment of a Hong Kong asset management joint venture company in connection with a Fund focused on projects in Central and Eastern Europe targeting €10 billion.
This deal follows on from work advising ICBC on the establishment of a European investment fund which is part of China’s ‘One Belt One Road’ initiative and was formally announced at the China and CEE Countries Summit in Riga, Latvia on 5 November 2016. The JV management company completed its establishment on 13 December 2016, and will act as the investment manager to the Fund.
The Clifford Chance team was led by China Co-Managing Partner Tim Wang (picture) and partner Ying White, assisted by associate Angela Liu and trainee Bernice Lin. In Hong Kong, partner Mark Shipman and consultant Helen Fok advised on regulatory issues.
Law Firms: Clifford Chance;
Clients: Industrial and Commercial Bank of China;