Davis Polk is advising China Reinsurance (Group) Corporation in connection with the issue of $800 million notes by China Re’s subsidiary, China Reinsurance Finance Corporation Limited. The notes are supported by a keepwell and liquidity support deed from China Re. 

China Re is the only state-owned domestic reinsurance group in the PRC, amongst the world’s largest reinsurance groups in terms of reinsurance premium income. 

The Davis Polk corporate team included partners Li He and Paul Chow, associate Yang Chu and registered foreign lawyer Xiaotong (Lisa) Yuan. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.  

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