Established in new york on 1869, Goldman Sachs is one of the oldest, most experienced and most powerful investment banks in the world. After operating as a partner for 130 years, Goldman Sachs was listed on the new york Stock Exchange in May, 1999.
Headquartered in new york, Goldman Sachs has branches in more than 20 countries around the world, with regional headquarters in Hongkong, London, Frankfurt and Tokyo.
Goldman Sachs has long regarded China as an important market, and since the early 1990s, it has regarded China as a key area for global business development.
Goldman Sachs set up its Asia-Pacific headquarters in Hong Kong on 1984, and set up representative offices in Beijing and Shanghai on 1994, officially entering the mainland market of China. Since then, Goldman Sachs has gradually established a powerful international investment bank branch in China, providing comprehensive financial services to the China government and large domestic enterprises that occupy the leading position in the industry. Goldman Sachs is also the first foreign investment bank to obtain the B-share trading license of Shanghai Stock Exchange and one of the first foreign institutions to obtain QFII qualification.
Goldman Sachs has established a very strong business network in China's stock and debt capital market, and played an active role in China's entry and participation in the international capital market. In the past ten years, Goldman Sachs has been playing a leading role in helping China companies sell overseas stocks. Among them, landmark transactions include: China Mobile's initial public offering of in 1997, raising 4 billion US dollars, making it one of the largest privatization projects in Asia (excluding Japan); In June, 2000, China Mobile conducted the subsequent stock issue (raising 6.9 billion US dollars) and convertible bond issue (raising 690 million US dollars). China Petroleum raised $2.9 billion in initial public offering in March 2000; Bank of China (Hongkong) made an initial public offering in July 2002, raising $2.67 billion. Ping An Insurance's initial public offering in 2004 raised $6,543.8+$840 million. And ZTE's $400 million Hong Kong IPO, the first A-share company listed in Hong Kong. In 2005, Goldman Sachs also successfully completed the $2.2 billion overseas listing project of Bank of Communications and the subsequent sale of China Petroleum shares, raising $2.7 billion.
In terms of debt financing, Goldman Sachs took the lead in handling nearly 40 large-scale debt sales transactions in China. Goldman Sachs has served as consultant and lead underwriter in China government's global large-scale bond sales for many times, and completed large-scale transactions of 1998, 200 1 and 2003 respectively. Goldman Sachs is the only international investment bank that participates in every overseas sale of sovereign dollar bonds by the China government as the lead underwriter.
Like other parts of the world, Goldman Sachs plays the role of the first choice financial adviser in China market, providing strategic consulting services and extensive business support to customers through its global network. In recent years, Goldman Sachs has participated in many major mergers and acquisitions in China as a financial consultant, such as Nissan's investment in Dongfeng Motor 1 billion US dollars; Daimler-Chrysler invested 1 1 billion USD in BAIC; TCL and Thomson set up a joint venture company in China; HSBC acquired a 20% stake in Bank of Communications, and Lenovo acquired IBM's personal computer division.
From June 5, 2004 to February, 2004, Goldman Sachs was approved by the China Securities Regulatory Commission to establish a joint venture company-Goldman Sachs Gaohua Securities Co., Ltd. The establishment of the joint venture company is another milestone in the development of Goldman Sachs in China. Goldman Sachs owns 33% of the joint venture company, and Beijing Gaohua Securities Co., Ltd. owns 67% of the shares. Since the establishment of the joint venture company, Goldman Sachs has been able to carry out local A-share listing business, RMB corporate bonds, convertible bonds and provide domestic financial consultancy and other related services in China.