In fact, in addition to Peregrine Fixed Income Bond Company and Peregrine Securities Company, such as Peregrine Financing, Peregrine Data Research Society...... are considered high-quality assets. And even if it is Baifuler Securities, it is not useless, Baijiaqin Securities operates very well in the Asian regional and local markets, and has brokerage licenses in Taiwan, Thailand, Indonesia and other countries, and Peregrine Securities' performance in Hong Kong is even more uneven, and has developed 7 brokerage licenses, second only to Sun Hung Kai and Zhongmao's licenses, and has participated in the relocation of some companies, acquisitions, mergers, allotments, privatizations and other businesses for many times.

Patrick's investment banking business has been instrumental in its investment banking business with the experience, technology and resources it has accumulated in the Asian region and local markets. This practice mainly includes corporate restructuring, mergers (acquisitions), joint ventures, local and foreign advisory to Asian institutions, underwriting and underwriting securities, private securities and distribution of various Asian securities in the global market.

Peregrine has also achieved good results in cross-border investment, providing financing services and placing shares for customers in need of the market. The best example of this is the placement of private shares in 1994 by American Standards Inc., the world's largest manufacturer of bath and kitchen equipment. A total of more than $80 million was raised, which was mainly used to support the development of A-SChinaPlumbing Products Limited, a joint venture production program in China. Peregrine was the first U.S. institution to raise Chinese development funds from Asian investors through a placement and private equity offering.

This move fully demonstrates Peregrine's high fundraising ability and creativity in the world capital market, and it has taken another step towards international operation. Since then, Peregrine has acted as financing advisor and placement agent for A-SAmConditioningProductLimited's China joint venture program, raising US$45.3 million. According to statistics, from 1994 to mid-1996, Peregrine participated in several fundraising activities in Asia, the United States and Europe as a principal officer or in other capacities, raising a total of more than US$20 billion.

Peregrine Performing Arts' demeanor in the world's capital markets has made it a major institution in North America and Europe, and is willing to enter China and Southeast Asia to find investment opportunities and raise funds under its guidance. This can be seen in China's development projects, including raising funds for joint ventures in China by the well-known American Enterprise Standard Co., Ltd., and serving companies such as Germany's Mercedes-Benz AG and Korean Electronics Corporation. Provide comprehensive investment consulting and planning for the key business activities of these enterprises in China.

Peregrine has always valued the Chinese market, and with the return of Hong Kong's sovereignty and the further strengthening of economic ties between the mainland and Hong Kong Island, this long-term partnership has become even closer. The group has now partnered with a number of reputable industrial and commercial institutions in mainland China to participate in the economic development of Chinese mainland. The Group has set up representative offices and joint ventures in Beijing, Shanghai, Nanjing and other major cities in mainland China, and has stimulated the mainland economy with its complete technology, information system and strong financial resources. In addition, it has seats on the Shanghai and Shenzhen stock exchanges.

In 1990, China International Trust and Investment Co., Ltd. (Hong Kong Group), China's largest holding company and the most influential industrial and commercial organization, intended to acquire a listed company in Hong Kong. Since then, he has participated in the financing and planning of the company, and shareholders are unanimously optimistic about CITIC Pacific, which has increased its market value from HK$725 million to HK$67 billion in June 1996. Peregrine has also placed shares in CITIC Pacific for a number of occasions, amounting to HK$12 billion.

The top of the form

Over the years, Peregrine has become one of the leading mergers and acquisitions companies in Hong Kong. The Group has been involved in more than 50 public transactions, including the largest acquisition in Hong Kong history, CITIC Pacific Limited's US$890 million acquisition of Heng Cheong Hong, CITIC Pacific's US$1.3 billion acquisition of a minority interest in Hong Kong Telecom Limited, and Aerospace Science and Technology International Group Limited's US$58.5 million acquisition of Canny Investment Limited.

From its history, it can be seen that the first largest transaction was the acquisition of Kwong Sang Hong, which led to the group's leadership and Liang duo also earned the reputation of "acquisition experts". As a result, Chinese or Hong Kong enterprises are more optimistic about Peregrine's business ambition, and Peregrine has helped a number of Chinese companies to go public through acquisitions and other means. With the deepening of the affinity between the mainland and Hong Kong, the Group has continuously adjusted its service methods to meet the needs of long-term financing.

The Group has an excellent team of consultants in China, who can provide comprehensive, accurate and timely consulting services to various clients in China, including the execution of financing strategies, joint ventures, investments, mergers and acquisitions, restructuring, etc. In recent years, China has made major adjustments to its economic and industrial development plans, with the automobile, energy and transportation, telecommunications, and building materials industries being designated as key industries, and the service and manufacturing industries also benefiting foreign investment.

Multinational companies in the United States, Europe and Asia have extended their tentacles into these areas, and Peregrine has provided timely advisory services or represented them to facilitate bilateral cooperation. Financial advisory is the service provided by the Group for multinational institutions to conduct business in China, mainly to provide these institutions with the required financial information, financial capability trend analysis, etc.

The bottom end of the form

Peregrine's reputation in China is largely known through the listing of red chips in Hong Kong. Among the many Chinese businesses that Peregrine operates, red chips are the most brilliant page.

CITIC Pacific is the first red-chip stock, and its successful listing is inseparable from Peregrine's full support. Peregrine has been acting as an investment advisor and shareholder of CITIC Full, creating financial guarantees for CITIC Pacific's development in Hong Kong and Chinese mainland.

During the partnership, Peregrine placed US$1.5 billion in shares for CITIC Pacific, enabling it to purchase shares in Dragonair, Cathay Pacific, CTM, Hong Kong Telecom and infrastructure projects in Henan, Jiangsu and Shanghai, fulfilling CITIC Pacific's goal of rolling growth. In 1997, CITIC Pacific's market capitalization had risen from HK$720 million to HK$100 billion.

Peregrine is not the only one, it also sponsors the listing of red-chip stocks of Chinese-backed companies such as Guangdong Investment, Yuexiu Investment, Haihong Investment, and Hong Kong China Travel Service and Shanghai Industrial.

Among the many red chips arranged by Peregrine to be listed, another extremely popular is Shanghai Industrial. SIIC is the window company of the Shanghai Municipal Government in Hong Kong, and the funds raised are mainly used for the development of infrastructure in Shanghai. From the listing of SIIC in May 1996 to the same period in 1997, the share price of SIIC has increased fivefold, and Peregrine has also raised additional US$1 billion for SIIC in a short period of time through placement and stock subscription. The listing of SIIC's red chips has been adopted as a blueprint for Chinese-funded enterprises in the Mainland, and other provinces have followed suit by setting up similar window companies to raise funds in Hong Kong.

In addition to red chips, Peregrine is also engaged in H-shares, B-shares and other businesses. Peregrine has been the lead sponsor of numerous H-share listings in Hong Kong since 1993. In 1993, Shanghai Petrochemical Co., Ltd. issued its first H shares to raise US$344 million globally, with Peregrine as the manager, and Guangzhou Guangzhou Shipyard Co., Ltd. issued US$40 million H shares, with Peregrine as the underwriter and sponsor. In 1994 and 1995, Yizheng Chemical Fiber's $307 million H shares were underwritten by Peregrine, in addition to Harbin Power's $145 million H shares, Northeast Transmission and Transformation Motor Manufacturing's $58 million H shares, and so on.

In China's B-share market, Peregrine is also at the forefront. In 1992, he served as the global coordinator and international underwriter of Shenzhen Huafa's B-shares, and served as the global coordinator of Shenzhen Zhonghua's US$12 million B-share issuance. In 1993, he also served as the underwriter of Shanghai Volkswagen and Shanghai Hero B shares; In 1996, it underwrote Chongqing Changan Automobile, Oriental Communications and Huangshan Tourism Company, creating the largest scale of B-share underwriters.

Peregrine regards information as an important factor of the Group and cherishes it like a fountain in the middle of the desert. As far as the Asian capital markets are concerned, Peregrine is able to make full use of its vast and advanced information network to obtain a comprehensive grasp of the region's financial markets, as well as market dynamics and industry policies related to the capital markets.

The Group has 12 information and research departments spread around the world, with 100 analysts, a database containing micro and macroeconomic data analysis for all the markets in which the Group operates, and a pan-Asian database containing the latest financial information of 1,200 Asian companies. These constitute a powerful and advanced brain pool of Peregrine, enabling it to navigate the rapidly changing capital markets of the East and the West, and seize the bridgehead of Li & Fung projects.

It is worth mentioning that its effective processing of information and materials has continuously improved the efficiency of the "neural network". The Group has analyzed the current situation of electronic and technological data in the international financial field, and is determined to improve its ability to analyze data and data, so as to achieve high-quality and authoritative data. In 1995, Peregrine Data Research Agency was established in order to promote the professionalism, efficiency and international integration of research services.

Although the current Asian financial crisis has not yet reached the most dangerous moment, and now Baifuler's debts have not yet matured, although the funds are difficult, Du Huilian does not think that Baifuler is not saved, and he has to sell Baifuler, or at a low price of 100 million Hong Kong dollars.

However, due to business and financial difficulties, Peregrine began to prepare for the introduction of new shareholders to save itself. After leaving Shun Tak Fund, Du Huilian went to the headquarters building of CITIC Pacific.

For CITIC to rescue Baifuler, Du Huilian is very confident. Not to mention the political and economic importance of Pefrel's participation in the listing of mainland red chips in Hong Kong, it is said that he has been in contact with CITIC President Rong Zhijian in the past few years, and he has a full grasp of his personal relationship with Rong Zhijian. At first, he was reluctant to go to CITIC, because Baifuler's business in Taiwan is also very important, but he can't get too close to CITIC. And now, there is no way, in order to survive and tide over the difficulties, Du Huilian can only choose CITIC.