Key Takeaways
- • China Renaissance appointed Liang Jun, formerly executive director and CEO of Shenwan Hongyuan Securities' Hong Kong office, to head its Hong Kong unit, according to Reuters.
- • Liang spent seven years at Shenwan Hongyuan's Hong Kong office before joining China Renaissance.
- • The appointment is part of the Beijing-based brokerage's effort to revive its offshore business a year after founder Bao Fan was released from a two-year investigation by Chinese authorities.
- • China Renaissance says the hire will strengthen its cross-border capabilities by leveraging Hong Kong's role as a gateway between Chinese companies and global capital markets.
Summary
Investment bank China Renaissance said on Thursday that it had appointed Liang Jun, a former executive at Shenwan Hongyuan Securities, to lead its Hong Kong unit, according to Reuters. The move comes as the Beijing-based firm seeks to revive its offshore business.
The appointment is part of the bank's broader effort to rebuild its offshore franchise roughly a year after founder Bao Fan was released from a two-year investigation by Chinese authorities. Liang joins from Shenwan Hongyuan Securities' Hong Kong office, where he spent seven years and most recently served as executive director and CEO.
China Renaissance said the appointment would bolster its cross-border capabilities by leveraging Hong Kong's role as a gateway between Chinese companies and global capital markets. Liang is described as a veteran of both onshore and offshore China capital markets. He began his career at CITIC Securities in Beijing, where he held roles across risk management, fixed income and equity capital markets.
Founded in 2005, China Renaissance has advised on some of China's high-profile technology listings and mergers. The firm's Hong Kong leadership change signals its intent to expand cross-border dealmaking as it works to regain momentum in offshore markets.
The appointment is part of the bank's broader effort to rebuild its offshore franchise roughly a year after founder Bao Fan was released from a two-year investigation by Chinese authorities. Liang joins from Shenwan Hongyuan Securities' Hong Kong office, where he spent seven years and most recently served as executive director and CEO.
China Renaissance said the appointment would bolster its cross-border capabilities by leveraging Hong Kong's role as a gateway between Chinese companies and global capital markets. Liang is described as a veteran of both onshore and offshore China capital markets. He began his career at CITIC Securities in Beijing, where he held roles across risk management, fixed income and equity capital markets.
Founded in 2005, China Renaissance has advised on some of China's high-profile technology listings and mergers. The firm's Hong Kong leadership change signals its intent to expand cross-border dealmaking as it works to regain momentum in offshore markets.
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