Davis Polk advised BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Royal Bank of Scotland plc, Daewoo Securities Co., Ltd. and U.S. Bancorp Investments, Ltd. as underwriters in connection with concurrent SEC-registered Schedule B debt offerings by KEXIM of $1.25 billion aggregate principal amount of its 4% notes due 2017 and $1 billion aggregate principal amount of its 5% notes due 2022.

Leading international law firm Clifford Chance advised Bank of China (Hong Kong) Limited and Standard Chartered Bank as joint lead managers and joint bookrunners on the Agricultural Development Bank of China’s (ADBC) offering of RMB3 billion bonds in Hong Kong. The offering was successfully priced on 10 January 2012, and the bonds are expected to be issued on 17 January 2012. The bonds to be issued are targeted at institutional investors, with terms of two, three and five years and coupon rates of 3.00%, 3.20% and 3.50%, respectively. This deal was the first RMB bond issuance in 2012 and ADBC’s first offshore bond issuance.

Paul Hastings, a leading global law firm, announced today that it represented Shuanghui International Holdings Limited (“Shuanghui International”) and its subsidiaries (collectively, the “Shuanghui Group”), including Henan Shuanghui Investment Development Co. Ltd. (“Shuanghui Investment”) which is an A-share company listed on the Shenzhen Stock Exchange, in one of the largest public company merger and acquisition transactions in China. The Shuanghui Group is a large-scale food processing company in China whose major shareholders include CDH Investments, Goldman Sachs, Temasek (the Singapore government’s investment firm) and New Horizon (a leading China-focused private equity fund).

O’Melveny & Myers represented China Polymetallic Mining Limited (HKSE:2133) in its HK$1.46 billion (US$187 million) initial public offering on the Main Board of the Hong Kong Stock Exchange.

International law firm Freshfields Bruckhaus Deringer has advised the underwriters on PICC Property & Casualty Company Limited’s domestic share and H-share rights issue.

International law firm Eversheds has advised Chow Tai Fook Enterprises Ltd on a RMB 2.36bn (US$932m)property deal to acquire 100 percent stake in a Qingdao-based joint venture from Shanghai Industrial Holdings Limited, a company listed on the Hong Kong Stock Exchange.

Davis Polk advised New China Life Insurance Company Ltd. (NCI) on its US$1.9 billion initial public offering (IPO), including a global offering of H shares, consisting of an initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, and a concurrent offering of A shares listed on the Shanghai Stock Exchange. The IPO, with total proceeds of nearly US$2.1 billion if the over-allotment option is fully exercised, is one of the largest initial public offerings of PRC companies and the only concurrent A + H shares offering in 2011.

Mallesons Stephen Jaques and King & Wood have announced the combination of their firms to create King & Wood Mallesons, a new legal powerhouse centred in Asia.

International law firm Freshfields Bruckhaus Deringer has advised Chow Tai Fook Jewellery Group Limited on its US$2 billion global offering of shares and listing on the Hong Kong Stock Exchange.

International law firm Herbert Smith has recently advised China Outfitters Holdings Limited (“China Outfitters”; HK Stock Code: 1146) on the HK$1.13 billion (US$145 million) listing of its shares on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering. The IPO was completed on 9 December 2011.