China Bank Capital Corporation (“China Bank Capital”) is the wholly-owned investment banking subsidiary of China Banking Corporation. It was registered and licensed as an investment house on November 27, 2015 as a result of the spin-off of China Bank's Investment Banking Group.
Our primary business is to help companies and enterprises raise capital by arranging, managing, or underwriting a variety of debt and equity transactions, including loan syndications; project financing; bonds, notes, and commercial paper issuances; initial and follow-on public offerings and private placements of common and preferred shares; convertible bonds issuances; and asset securitizations. We also provide financial advisory services, such as structuring, valuation, and execution of mergers, acquisitions, divestitures, joint ventures, and other corporate transactions.
In 2016, China Bank Capital established a stock brokerage house and a special purpose corporation. China Bank Securities Corporation, a wholly owned subsidiary, enables China Bank Capital to do Initial Public Offerings (IPOs) and list these IPO shares in the PSE. China Bank Group’s clients will also stand to benefit as they will have access to the stock brokerage service for their equities-related transactions.
The special purpose corporation, to be renamed CBC Assets One (SPC), Inc., will be utilized as a vehicle to hold the assets for the securitization transactions of China Bank Capital. Early in 2016, China Bank Capital was mandated by listed property developer 8990 Holdings Inc. (stock symbol HOUSE) to be the Arranger and Lead Underwriter for the P5 billion securitization of contract to sell (CTS) receivables of its various subsidiaries – which when completed will be the largest securitization transaction in the country. The receivables will be purchased by CBC Assets One (SPC) Inc. and repackaged into fixed-income securities. This is an innovative approach by China Bank Capital to address the financing requirements of the low cost housing industry.
China Bank Capital is comprised of a team of dedicated professionals with substantial local and international experience and expertise in investment banking, corporate finance, and credit products. We have a comprehensive grasp of the capital markets and a focused understanding of the needs of businesses, and we apply this knowledge to provide appropriate, innovative, and timely financial solutions and services to our clients.
China Bank Capital has been a significant presence in the investment banking and capital markets space in the last three years, and has been recognized by the Philippine Dealing System as the top corporate issue manager in the bank category for 2015, besting three foreign banks.