OCI International Holdings Limited (00329.HK) ("OCI International") announced today the signing of a strategic partnership agreement with a wholly-owned subsidiary of Hollyhigh International Capital Limited ("Hollyhigh") in Hong Kong. This collaboration aims to establish a new model of investment banking services in an era marked by significant change.
Under the terms of the agreement, the two parties have jointly formed the OCIP Management Committee ("OCIP"), with Mr. Chen Mingjian appointed as Chairman. Mr. Chen will oversee the management and operations of OCIP and will be responsible for recommending and introducing global investment banking experts to join the committee.
In July, Mr. Jiao Shuge, Chairman of the Board of Directors of OCI International, remarked at the OCIP preparatory meeting that this strategic decision comes at a pivotal time for the capital market. The traditional Wall Street model, which has endured for over two centuries, is being challenged by advancements in AI, shifts in traffic flow, and changes in consumer behavior. OCI International aims to foster new productivity in investment banking through innovative business models.
Mr. Chen Mingjian stated, "Since graduating from Tsinghua University in 1993 and entering the Shanghai Stock Exchange, I have spent 31 years in the securities industry. Never have I felt the market's challenges as acutely as I do today. However, significant changes also drive major innovations, presenting a unique opportunity for young investment bankers."
Yanqiong Huang, the newly appointed President of the Asset Management Division, expressed, "I am honored to join OCI International, a company with a global perspective and an acute awareness of current trends. My commitment is to broaden global investment horizons, assist clients in establishing wealth growth and inheritance strategies aligned with the new economic stage, and build a stable and far-reaching asset management system on OCI's platform, supported by fixed income strategies."
The initial members of the OCIP partner alliance include Qu Rong and Lin Tianxiang, Presidents of the Investment Banking Department, and Huang Yanqiong and Fan Yiyang, Presidents of the Asset Management Department.
About OCI International (00329.HK):
OCI International Holdings Limited (00329.HK) is a publicly listed company. Its wholly-owned subsidiary, OCI Asset Management Company, engages in SFC Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities. The asset management division primarily focuses on bond funds and private equity investments across four major categories: cross-border mergers and acquisitions, fixed income investments, private equity investments, and research and investment in listed securities. OCI International is dedicated to becoming a Hong Kong-based investment bank with a strong connection to Mainland China, leveraging the expertise and extensive experience of its major shareholders in China's financial industry.
About Hollyhigh:
The management team of Beijing Hollyhigh Holdings Co., Ltd. boasts over 20 years of experience in investment and mergers and acquisitions, having successfully executed more than 200 M&A transactions totaling over 100 billion yuan. Upholding the principles of being "professional, advanced, and international," the company has served as an M&A advisor for over 30 listed pharmaceutical companies and managed more than 10 M&A cases for pharmaceutical firms, including a shell listing for a domestic pharmaceutical company with a total transaction value of RMB 9.9 billion. Leveraging the management team's expertise and cutting-edge biomedical technology, the company has nurtured Bio-Tech enterprises, exemplified by Beijing Oriental Bio-Tech.