HONG KONG, January 9, 2017 – China Renaissance announced today that it has been awarded “Best Private Financing Deal” by FinanceAsia for its role as the financial advisor for Didi Chuxing’s $4.5 billion equity financing. This particular transaction follows a series of successful transactions for which China Renaissance also served as a financial advisor to Didi Chuxing, including the Didi-Kuaidi merger and the $3 billion private financing, both of which took place in 2015.

The firm also advised on a number of milestone transactions over the course of 2016 which have had a significant impact on the “new economy” in both China and globally. The success of these transactions highlights that China Renaissance is at the very forefront of China’s “new economy” and is a trusted advisor to its entrepreneurs.

FinanceAsia’s editorial team commenting on the award said: “Didi Chuxing’s private financing deal came at a time when the market competition was fierce. As the financial advisor to Didi Chuxing, China Renaissance identified multiple high-profile strategic and institutional investors and expanded investors profile. The financial advisors were able to attract significant interest from investors and upsize the transaction, which was eventually completed in less than five months despite the scale and investor scope of the transaction.”

Jason Lam, Managing Director and President of China Renaissance Securities (HK) Limited expressed his appreciation for the award by saying: “We are honored to receive the 2016 FinanceAsia Achievement Award and are pleased that we have been able to advise on a number of hallmark transactions this year. Above all else, we are extremely grateful for the trust our clients place in our counsel and the services we provide. We are particularly proud of our longstanding work with Didi Chuxing – a company that is at the very cutting edge of the sharing economy and technology sector. At China Renaissance, we firmly believe in the positive impact that “new economy” companies bring to the world we live in. To this end, we will continue to provide world-class, diversified financial services to support and enable these new economy companies.”

FinanceAsia is one the region’s leading publications covering Asian financial markets. It was founded in 1996. The FinanceAsia Achievement Awards is one of the top trade awards recognizing excellence in finance.