Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, and has approximately 27,000 employees in 50 principal offices in over 20 countries.

China is a key component of Lehman Brothers' Asia and global strategy. The Firm was a pioneer among international investment banks in entering the Chinese market and completed many " first-of-its-kind "  transactions for Chinese clients since opening its Beijing representative office in 1993. Among its "firsts" in China investment banking, Lehman Brothers was the sole placement agent in the first debt private placement (China Construction Bank, 1993), the sole lead manager in the first Dragon Bond issue (Ministry of Finance, 1993), and a joint lead manager on the first Yankee bond issue (State Development Bank, 1997).

In recent years, Lehman Brothers has become increasingly active in China. In investment banking, it has advised on financing and strategic transactions for leading Chinese companies including ICBC, China Citic Bank, Sinopec, China Life, China Unicom, Huaneng Group, and Beijing Enterprises.

For additional information on Lehman Brothers, please visit the Firm's homepage at: www.lehman.com