Jonathan Zhang, Jonathan Nina & Co Capital (JNC) | Financial Services Review | Top Mergers and Acquisitions Consulting Services Providers in ApacJonathan Zhang, CEO and Chairman of the Board ; Nina Wang, Executive Director and COO
Jonathan Nina & Co Capital (JNC) is a boutique investment bank that is reshaping the world of financial consulting. Combining deep expertise with bold, forward-thinking strategies, it delivers solutions that empower corporate clients to seize growth opportunities and enable investors to achieve long-term success.

Functioning as a fully integrated securities group, JNC transcends the conventional boundaries of investment banking. Offerings include comprehensive investment banking services, the cutting-edge eStagCapital online brokerage platform and its proprietary Australia and New Zealand Security Exchange (ANZSX). These interconnected solutions support global business expansion, provide investors with actionable insights and redefine market liquidity, creating unparalleled value for all stakeholders.

With a strong presence across Australia, China, the U.S. and the APAC region, JNC is more than just a financial service provider—it is a strategic partner driving growth and transformation in challenging financial landscapes.

“Our goal is to empower corporate clients and investors with actionable insights and tailored financial solutions,” says Jonathan Zhang, CEO and chairman of the board. “We don’t just offer financial products; we create an ecosystem where innovation and informed decision-making drive lasting impact.”

Zhang is a former Wall Street executive with a proven track record in macroeconomic analysis, asset pricing and securitization. He and his team employ a meticulous approach, conducting comprehensive assessments of each client’s needs, including operational structures, market dynamics and industry nuances. This deep understanding leads to customized strategies aligned with the client’s unique challenges and growth objectives.

Known for his ability to bridge gaps between markets, industries and stakeholders, Zhang has shaped JNC into a firm grounded in precision, transparency and forward-looking strategies. Under his leadership, JNC is pushing the boundaries of what’s possible in the world of global finance.

Comprehensive Financial Solutions Aligned with Client Goals

At the core of its offerings, JNC provides tailored financial consulting services to corporate clients, helping them unlock opportunities in capital markets. From facilitating capital-raising initiatives and guiding mergers and acquisitions (M&A) to orchestrating initial public offerings (IPO), seamless navigation is ensured throughout the complex processes. Coordination with auditors and law firms facilitates compliance with stringent requirements while equipping clients with the resources to maintain long-term stability and growth.

Capital-raising and IPO advisory services provide businesses with the tools and strategies to access critical resources. JNC’s IPO process is a standout offering, encompassing everything from regulatory compliance and prospectus preparation to roadshows and investor engagement. Taking a holistic approach, it ensures that businesses are market-ready and positioned to thrive. Investors benefit from JNC’s insightful and personalized strategies, ensuring that securities allocations are aligned with their risk tolerance and investment aspirations.

Unlike traditional bulge-bracket banks, the firm adopts a flexible fee structure and prioritizes a client-focused approach, offering customized solutions that address specific business challenges.

This client-first philosophy extends across all of JNC’s offerings, including its M&A services, which breathe new life into businesses by helping them achieve transformative growth. Offering end-to-end advisory services tailored to complex regulatory and cultural landscapes, JNC positions its clients for success by addressing barriers to entry and unlocking growth opportunities.

A multinational team, comprising experts from Mainland China, Hong Kong, Australia, the U.S. and Singapore, ensures smooth and sustainable transitions into new territories, providing clients with a distinct advantage in navigating complex markets. The team has always been dedicated to leveraging extensive research and development in capital markets in China and Australia. It is highly familiar with these markets and has completed several M&A deals for companies listed on the Hong Kong Stock Exchange, including backdoor listings, refinancing of listed companies and reorganizations following private company bankruptcies.

Precision-Driven M&A Solutions for Sustainable Growth

JNC’s M&A approach is built on three core principles—precise valuation, seamless post-merger integration and comprehensive due diligence. These guiding strategies enable clients to make well-informed, growth-oriented decisions that align with their long-term objectives.

For each engagement, it conducts an in-depth analysis of the client’s challenges, crafting solutions for specific needs. The team thoroughly explores every aspect, including company size, team structure, supply chain dynamics and industry subtleties. This comprehensive insight allows it to develop targeted strategies, including asset acquisitions, debt restructuring and equity financing, designed to strengthen and rejuvenate the client’s position. Even in difficult economic climates, JNC’s M&A approach opens doors to new opportunities and strategic directions, reinvigorating clients’ operations and potential.

We don't just offer financial products; we create an ecosystem where innovation and informed decision-making drive lasting impact

“Our job is to present the client in the best possible light, making them attractive and compelling to investors,” says Nina Wang, executive director and COO.

For JNC, valuation is about delivering a grounded, market-supported assessment that balances client goals with investor expectations. Conducting detailed financial analysis, examining industry trends and factoring in growth potential provide a realistic valuation that meets corporate and investor benchmarks. Its approach mitigates the risks of overvaluation, which can often shake investor confidence and affect long-term viability.

“When we get the valuation right, it’s a win for everyone involved, including clients, investors and advisors,” says Zhang.

Focusing on accurate, achievable valuations sets a solid foundation for sustainable growth and builds trust with investors and shareholders.

Equally vital is support in post-merger integration, where JNC helps clients unite new assets, management structures and operational practices into a cohesive whole. In APAC, where cultural and operational differences can impact success, its guidance facilitates a more efficient integration that maximizes value. Expertise in uniting diverse teams and systems enables clients to strengthen their market position and fully realize the strategic value of the merger.

The focus on seamless integration highlights the importance of due diligence, especially in cross-border transactions, where navigating diverse legal and regulatory frameworks is critical to achieving long-term success. The team works closely with multinational law firms and regional specialists to address potential regulatory and accounting hurdles early on.

  • “Our job is to present the client in the best possible light, making them attractive and compelling to investors”


Proactively identifying challenges, JNC mitigates risks and implements strategies to minimize potential roadblocks. This includes anticipating compliance requirements, addressing tax implications and streamlining documentation processes to avoid common bottlenecks that can arise during cross-border deals.

Through this meticulous preparation, clients maintain momentum, ensuring that deadlines are met and critical resources are allocated effectively. Delays are avoided and clients can focus on strategic priorities such as market entry, resource deployment and long-term value creation, ultimately contributing to the overall success of their transactions.

JNC’s approach has delivered remarkable results in complex M&A scenarios, demonstrated by its recent collaboration with an Australian-listed car parts manufacturer aiming to boost valuation and expand into China. To achieve the client’s objectives, it devised a plan to attract Chinese investors, emphasizing compliance with local regulations while steering clear of high-risk tactics like backdoor listings.

With cost efficiency being the focus, JNC recommended relocating part of the manufacturer’s operations to China, cutting labor and transportation costs while securing direct access to the Chinese market. The strategic shift strengthened profitability and enhanced the company’s appeal on the Australian Stock Exchange (ASX), positioning it for a robust cross-market presence.

Empowering Investors with Actionable Insights

JNC’s proprietary online brokerage platform, eStagCapital, showcases its dedication to empowering investors. Designed for wholesale and sophisticated retail investors, the platform provides a comprehensive range of resources, including in-depth financial analysis, research reports, market insights, webinars, events and exclusive access to high-growth investment opportunities. These offerings position eStagCapital as a pivotal tool for fostering informed and strategic investment decisions.

Upon securing an Australian Financial Services Licence (AFSL), JNC plans to expand its services to include fee-based subscription financial advice. This will feature email newsletters, opinion pieces and research reports published on the platform, offering qualitative evaluations, assessments, and comparisons of various financial products or product classes to further support informed investment decisions.

Value investing is central to JNC’s approach, with a strong focus on fundamental analysis to shape its investment strategies. Examining key factors such as a company’s financial health, earnings stability, competitive position, management quality and overall industry conditions, it evaluates whether a stock is overvalued or undervalued. This empowers investors to make informed decisions, helping them “go against the herd” or “stay ahead of the herd” for success while managing risks in dynamic markets.

Driving eStagCapital’s success is its team of highly skilled financial analysts, who play a pivotal role in translating this guiding principle into actionable insights. Dedicated to delivering unbiased, comprehensive research, the team empowers investors by fostering a profound understanding of finance and economics. Through rigorous training, with each analyst completing over 100 hours in finance, economics, and investment, JNC ensures its team maintains exceptional expertise and credibility.

This depth of knowledge is further elevated by the platform’s integration of Bloomberg market data, detailed financial analysis, and well-researched reports. These resources provide investors with the precise tools needed to confidently navigate volatile markets. To complement these offerings, eStagCapital delivers regular webinars, newsletters, and expertly curated content that enhance financial literacy. Staying at the forefront of emerging trends, the platform empowers users to make strategic, well-informed decisions, reflecting JNC’s commitment to supporting investors at every stage of their journey.

Simplifying Capital Market Access

ANZSX, established and wholly owned by JNC, represents a bold step toward addressing inefficiencies in traditional capital markets while promoting liquidity and inclusivity. Set to launch soon, ANZSX aims to create a platform for businesses to list securities and for investors to access high-growth opportunities.

ANZSX is designed to offer companies across the APAC region a unique pathway to sustainable growth. Both Australian and international companies meeting the platform’s listing criteria are eligible to apply. For corporate clients pursuing a listing on ANZSX, there is a comprehensive suite of services, including initial consulting on the listing process, preparation of the prospectus and due diligence conducted in both the company’s base country and Australia. JNC also manages the submission and review of the prospectus, coordinates roadshows and IPOs, finalizes applications and ensures readiness for trading.

Offering end-to-end support, ANZSX seeks to simplify access to capital markets while helping businesses establish a strong foothold in the region.

Expanding its reach across the Americas, Eurozone and APAC regions, JNC is redefining financial services with innovative solutions tailored for a global clientele. From financial advisory and underwriting to securities trading and investor engagement, it bridges the divide between businesses seeking growth capital and investors aiming to unlock value.

Aligning business ambitions with investor goals, JNC fosters sustainable growth and paves the way for shared success on a global scale.