China Renaissance Hires Ou WANG as Strategy Consultant

BEIJING, Aug. 7, 2019 /PRNewswire/ -- China Renaissance Holdings Limited ("China Renaissance" or the "Company"; stock code: 1911.HK) announced today the appointment of Mr. Ou WANG as Strategy Consultant to the Company and concurrently, as Board Director of Huajing Securities, the Company's mainland China-focused investment banking subsidiary. Mr. Wang will support  development of the investment management business, provide strategic advice to deal teams, and engage in strategy development and operational management for Huajing Securities. He will report to Mr. Fan BAO, Chairman and CEO of  China Renaissance.

Mr. WANG brings a deep understanding of the operations and trends across the spectrum of global private investment gained from his nearly 20 years of experience and focus in the fields of financial regulation and private equity investment.

Prior to joining China Renaissance, Mr. WANG was Head of Private Equity Investment for China Investment Corporation ("CIC"), in charge of the private equity and private credit investment business. During his tenure, CIC invested in over 100 private equity funds and private equity credit funds worldwide, as well as completed direct investments in a number of significant deals.  Mr. WANG was responsible for improving the overall business structure of CIC's private equity and private credit investment business, and enhancing the institutionalized operational capability of CIC. Previously, Mr. WANG worked for the China Securities Regulatory Commission for 13 years, during which he served in a variety of roles, including researcher at the Research Center, deputy director of the Institutional Supervision Office, and deputy director of Innovative Business Supervision. Earlier in his career, Mr. WANG worked for a Fortune 500 company and Wall Street investment banks in the United States.

Commenting on Mr. WANG joining China Renaissance, Mr. Fan BAO said: "We are very pleased to have such a senior professional as Mr. WANG joining our team, with his abundant experience in both research and practice in private equity investment. I appreciate his unique insights regarding the logic and laws of the securities industry, his global investment horizon, as well as his achievements in institutionalized capital operations and asset allocation management. Committed to becoming a world-class financial institution, China Renaissance is embracing the robust development of its three core businesses: investment banking, investment management and Huajing Securities. I believe that Mr. WANG will bring new and dynamic energy to the Company's overall business development. In this new role, Mr. WANG will help integrate the Company's internal and external resources, and position us to the capital markets at home and abroad through a more efficient and rigorous approach."

Mr. Ou WANG said: "It is my honor to join the China Renaissance family. I am pleased to share my experiences accumulated over the past 30 years with the team and contribute to the Company's continued development."

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About China Renaissance Holdings Limited

China Renaissance Holdings Limited ("CR" or the "Company", stock code: 1911.HK) is a leading financial institution that combines private placement advisory, M&A advisory, direct investment, equity underwriting, sales, trading and brokerage, research, structured products, asset management, wealth management and other financial services. Providing one-stop financial services across mainland China, Hong Kong and the United States, CR operates a competitive and unique international network that connects China's capital markets with the rest of the world, serving new economy entrepreneurs and investors globally.

The Company has offices in Beijing, Shanghai, Hong Kong and New York, with approximately 600 employees. As of December 31, 2018, we had advised on approximately 930 transactions worth over US$136 billion since our inception, and we had AUM of approximately US$4.1 billion in new economy investments.

CR's subsidiary Huajing Securities is one of the first securities firms set up in accordance with 10th Supplementary Agreement of "Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)". Since its establishment, Huajing Securities has assembled strong investment banking, fixed income, asset management, wealth management, securities brokerage, and research teams to serve existing and new clients.

SOURCE China Renaissance Group