Hong Kong, November 9, 2006 - Shearman & Sterling LLP has represented the underwriters Merrill Lynch, Credit Suisse, Deutsche Bank, China International Capital Corporation Ltd. and ICEA Capital Ltd. in connection with the US$22 billion initial public offering and dual listing of Industrial & Commercial Bank of China (ICBC).  This is the world's largest IPO ever.  ICBC is China's largest commercial bank with more than 18,000 branches and more than 150 million customers.  The Rule 144A/Regulation S offering is the first to be concurrently listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.

Attorneys included partners Matthew Bersani (HK-CM), Laurence Crouch (MP-Tax), Robert Evans (NY-CM) and Alan Seem (BJ-CM), counsel Megan Tang (HK-CM), associates Chris Chen (BJ-MA), Yunlong Gao (BJ-CM), Kevin Krist (LO-CM), Pingping Liu (BJ-CM), Dennis Mieskoski (MP-TX), Nicole Oversier (HK-CM), Russell Sacks (NY-CM), Yihan Sun (BJ-CM), Vivian Wong (HK-CM) and Kevin Zhang (NY-CM) and legal assistants Xiuqin Cao (BJ-MA), Minxia Gu (BJ-IA), Kailing Li (BJ-MA), Wendy Li (BJ-MA), Emma Liu (BJ-MA), Eve Song (BJ-MA), Kellie Wu (BJ-MA) and Pei Zhao (BJ-MA).

For additional information contact:
Karen Chan | Marketing | Hong Kong | +852 2978 8017 |