Equity Capital Markets

• ZEEKR Intelligent Technology $441 million IPO
• Baicha Baidao HK$2.6 billion IPO
• Keep HK$313 million Hong Kong IPO and global offering
• Tuya global offering and dual primary listing on the Hong Kong Stock Exchange
• KE Holdings $2.12 billion U.S. IPO
• iQIYI $2.25 billion U.S. IPO
• Waterdrop $360 million U.S. IPO
• Helens $323 million Hong Kong IPO and global offering
• Yonghe $191 million Hong Kong IPO and global offering
• Linklogis $1 billion Hong Kong IPO and global offering
• China Literature spinoff from Tencent, and its subsequent $919 million Hong Kong IPO and global offering
• Kuke Music $50 million U.S. IPO
• CSC Financial $914.9 million Hong Kong IPO and global offering
• Gobi Acquisition $250 million SPAC IPO

Debt Capital Markets

• High-yield notes offerings by 21Vianet Group, CAR Inc., CIFI Holdings, China South City Holdings, Fantasia Holdings, Golden Wheel Tiandi, Hopson Development, Hilong Holding, Oceanwide Holdings International, Shui On Development, Tahoe Group
• Investment-grade offerings by China Cinda Asset Management, Sinopec Group, Xi’an Aerospace High-Tech Industry Development