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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Renaissance Holdings Ltd    1911   KYG212151016

CHINA RENAISSANCE HOLDINGS LTD

(1911)
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China Renaissance hires former CIC private equity head Wang Ou

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08/07/2019 | 10:10pm EDT

HONG KONG (Reuters) - China Renaissance Holdings Ltd said it has hired Wang Ou, former private-equity investment head of sovereign wealth fund China Investment Corp (CIC), as its strategy consultant.

Wang, also a former official at China's securities regulator, will concurrently serve as a board director of China Renaissance's onshore securities joint venture - Huajing Securities, the investment bank said in a statement on Thursday.

The move comes days after China Renaissance, one of the major players in the country's buoyant technology sector, announced the final close of it latest yuan-denominated fund of over 6.5 billion yuan ($923 million).

During his tenure at CIC, Wang led the sovereign wealth fund's investments in over 100 private equity funds and private credit funds worldwide such as U.S. buyout firms KKR and Blackstone, as well as its several direct investments.

Prior to joining CIC in 2015, Wang spent 13 years at the China Securities Regulatory Commission in several roles, including deputy head of innovative business supervision.

(Reporting by Julie Zhu; Editing by Himani Sarkar)

Stocks mentioned in the article
ChangeLast1st jan.
CHINA RENAISSANCE HOLDINGS LTD End-of-day quote.
CHINA SECURITIES CO LTD -0.76% 24.81 End-of-day quote.187.03%
CITIC LTD 0.00% 10.1 End-of-day quote.-16.80%
KKR & CO INC 1.10% 28.56 Delayed Quote.45.49%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 7.0795 Delayed Quote.3.17%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.05% 7.0904 Delayed Quote.2.77%
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Financials (USD)
Sales 2019 220 M
EBIT 2019 50,2 M
Net income 2019 52,9 M
Debt 2019 -
Yield 2019 0,32%
P/E ratio 2019 18,8x
P/E ratio 2020 13,4x
Capi. / Sales2019 4,62x
Capi. / Sales2020 3,38x
Capitalization 1 015 M
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 6
Average target price 2,93  $
Last Close Price 1,88  $
Spread / Highest target 141%
Spread / Average Target 55,7%
Spread / Lowest Target -1,66%
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Managers
NameTitle
Fan Bao Chairman & Chief Executive Officer
Xin Wei Wang Co-Chief Financial Officer
Shan Jiang Co-Chief Financial Officer
Ye Ren Xu Chief Technology Officer & Managing Director
Yi Jing Xie Executive Director & Managing Director
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