Clifford Chance has advised Bank of China (Hong Kong) Limited on the sale of Nanyang Commercial Bank, Limited for HK$68 billion (approximately US$8.77 billion) to Cinda Financial.

The team was led by partner Cherry Chan who was supported by partner Virginia Lee, senior associate Shan Huang, and associates Ervin Chan, Grace Huang and Rae Guo.

Cherry said, "We were delighted to advise on this very important and strategic deal for the Bank of China (Hong Kong). This transaction solidifies our impressive performance this year and demonstrates our consistent focus on delivering the best outcomes for our clients."