1 October 2026
Clifford Chance advises PICC and China Re on share issuances under China’s financial sector recapitalisation programme
Advising firms
Deal team
7 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Tim Wang Lead | Clifford Chance | Partner | China Practice | Not stated |
| Jing Jing | Clifford Chance | Counsel | Not stated | Not stated |
| Carson Lin | Shanghai He Ping Law Firm | Trainee | Not stated | Shanghai |
| Wang Fei | Clifford Chance | Other | Not stated | Not stated |
| Sun Xuan | Clifford Chance | Other | Not stated | Not stated |
| Cai Yuanyuan | Clifford Chance | Counsel | Not stated | Not stated |
| Wang Zhao | Clifford Chance | Associate | Not stated | Not stated |
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Stated terms
- Stated value
- CNY 15bn (RMB15 billion)
- What the figure measures
- Issue size
- Client
- Not stated
- Counterparties
- The People's Insurance Company (Group) of China Limited (PICC) (Issuer)
China Reinsurance (Group) Corporation (China Re) (Issuer)
Ministry of Finance of the People's Republic of China (Investor)