---

Bank of New York Selected as Depositary by Brilliance China

19 April 2000

The Bank of New York Selected as Depositary by Brilliance China Automotive Holdings Limited for its ADR Program

    NEW YORK, April 19 The Bank of New York announced today
that Brilliance China Automotive Holdings Limited (Brilliance China) has
selected the Bank as depositary for its American depositary receipt (ADR)
program.  Brilliance China converted its New York Shares to ADRs in order to
adjust the prices of the securities in its two primary markets, New York and
Hong Kong, and to list these securities at a more marketable price to
investors.  Each ADR represents one hundred ordinary shares and trades on the
New York Stock Exchange under the symbol "CBA."
    Brilliance China is a holding company, which owns a 51% interest in
Shenyang JinBei Passenger Vehicle Manufacturing Company, Ltd, a manufacturer
and distributor of minibuses in China.  The company also holds partial
interest in various Asian component suppliers, which manufacture automobile
window molding and stripping, and gasoline engines.
    The Bank of New York is the world's largest depositary for American and
global depositary receipts, allowing non-U.S. companies to offer dollar-
denominated securities to investors worldwide.  The Bank currently issues
depositary receipts for more than 1,300 programs representing 69 countries and
accounts for 64% of all public sponsored depositary receipt programs.
    This announcement is not an offer to sell or a solicitation of an offer to
buy any securities.  The offering is made only by means of the prospectus.
    The Bank of New York was founded in 1784 by Alexander Hamilton and is the
nation's oldest bank.  It is the principal subsidiary of The Bank of New York
Company, Inc. (NYSE: BK), one of the largest bank holding companies in the
United States.  With over $76 billion in total assets as of March 31, 2000,
the Company provides a complete range of banking and other financial services
to corporations and individuals worldwide through its basic businesses:
Securities Servicing and Cash Processing; Corporate Banking; BNY Asset
Management and Private Client Services; Retail Banking; and Financial Market
Services.  Additional information on the Company is available at
http://www.bankofny.com.