Goldman Sachs is an internationally renowned investment bank integrating investment banking, securities trading and investment management. It provides a full range of high-quality financial services to thousands of important customers around the world, including enterprises, financial institutions, national governments and wealthy individuals.
Founded in Manhattan, new york, Goldman Sachs 1869 is one of the oldest, most experienced and most powerful investment banks on Wall Street.
After operating as a partner for 130 years, Goldman Sachs was listed on the new york Stock Exchange in May, 1999. By early 2004, its stock market was worth $50 billion.
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.
Brief introduction of Goldman Sachs China
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; In July 2002, Bank of China (HK) issued an initial public offering, raising 2.67 billion US dollars.
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 a consultant and lead underwriter in China government's global large-scale bond sales for many times, and completed large-scale transactions amounting to $3 billion in 1998, 200 1 and 2003 respectively. 1993, Goldman Sachs took the lead in handling the first Yankee bond sale in China, and successfully raised $250 million for CITIC Group. Goldman Sachs is also very active in the secondary market of bond trading.
Like other parts of the world, Goldman Sachs is an ideal partner for high-growth enterprises in China. In addition to providing funds to these enterprises, Goldman Sachs also provides strategic consulting services and extensive business support to companies in its portfolio through its global network.
The investment banking business occupies a leading position in the China market.
Compared with other international investment banks, Goldman Sachs ranks first in the amount of funds raised by China clients through global stock issuance.
Goldman Sachs led the restructuring and privatization projects of major state-owned industries in China, including the restructuring projects of China aviation industry (China Southern Airlines) and telecommunications industry (China Mobile Communications) in 1997; 1999 China Oil and Gas Industry (China Petroleum) Project; China High-tech Industry (China Airlines) 200 1, China Financial Services (Bank of China, Hongkong Branch) 2002.
Goldman Sachs is also the only international investment bank that has participated in the overseas sale project of China government's sovereign dollar debt as the lead underwriter since 1998.
Major awards
Goldman Sachs wins many industry awards every year. In 2002, Goldman Sachs won three prestigious awards, namely "Best Investment Bank", "Best Stock Bank" and "Best M&A Bank" issued by Financial Asia, an important publication in Asian financial circles. In 2003, Goldman Sachs was once again rated as the best investment bank in Asia-Pacific region, Chinese mainland, Hongkong and Taiwan Province Province by Financial Asia.
Asian special asset group
Goldman Sachs actively participated in the disposal of non-performing assets in China through its Asian Special Situations Group. Goldman Sachs is the first foreign-funded institution to win the bid to deal with China's non-performing assets, and it is also the first foreign-funded institution to complete the international sale of non-performing assets.
In June 2003, Goldman Sachs signed a memorandum of understanding with Industrial and Commercial Bank of China to establish a strategic partnership, and participated in the investment and liquidation of non-performing assets of Industrial and Commercial Bank of China from RMB 8 billion to RMB 654.38+0 billion. According to the memorandum, the two sides agreed to establish a joint venture debt repayment entity, so that China Industrial and Commercial Bank can fully obtain the best operation mode of international asset management.
In February 2003, Goldman Sachs completed the disposal of non-performing loans with book value of1900 million yuan previously acquired from China Huarong Asset Management Company.
Direct investment field
In the past year, Goldman Sachs also made a series of large-scale direct investments in China.
ping an insurance company of china
Goldman Sachs initially invested $35 million in China Ping An Insurance Company on 1994. China Ping An Insurance Company is the second largest life insurance company and the third largest property insurance company in China.
China network communication company
China Netcom is the third largest integrated fixed telephone service company in China. Goldman Sachs invested $60 million in the company in 20001year.
SMIC international integrated circuit company
SMIC is the first independent 8-inch semiconductor integrated circuit chip manufacturer in China. Goldman Sachs invested $50 million in the company in 20001year.