In November 2018, AMTD helped Zhongyuan Bank successfully complete the issuance of $1,395 million of overseas preferred shares as a Joint Global coordinator, Joint Book Runner and co-lead manager, helping Zhongyuan Bank Co., Ltd. (1216. HK) completed the issuance of non-cumulative and sustainable offshore preferred shares of US$1.395 billion. This transaction is the first overseas bond capital market transaction in the history of Zhongyuan Bank, and the only single preferred stock issued by China’s City Commercial Bank in the Hong Kong capital market this year.