China > Beijing > Banking and finance
Index of tables
Banking and finance: Beijing
Other recommended firms
Global Law Office’s banking practice has a ‘strong reputation’, with ‘great experience on structured trade finance transactions’. Recent highlights include advising a group of lenders including Deutsche Bank and Société Générale on a $200m term loan facility to Big Profit Investments, and advising China CITIC Bank on its RMB850m syndicated loan to China National Machinery Industry for the acquisition of China YTO Group. Lawrence Lin and Zhang Xin are ‘very prompt and responsive’.
‘Right at the top of the market’, Jun He Law Offices is ‘widely respected’ for its banking and finance practice. In 2008, the team advised Bank of China on its RMB39bn joint project financing, with The Industrial & Commercial Bank of China, of Liao Ning Nuclear Power Plant. The practice also represented China Development Bank in its conversion from a PRC policy-oriented financial institution into a joint stock bank corporation with limited liability. Zheng Shujun and Xiao Wei are recommended.
King & Wood advises international banks on converting their PRC branches into subsidiaries, in order to attract a full range of RMB business. Clients say the practice is ‘number one - bigger and better’. Highlights of 2008 included advising a syndicate of Chinese banks on the financing of the China-Turkmenistan gas pipeline, and acting for the lending syndicate in the refinancing of New City Wai Gao Qiao Holding and its subsidiary. Managing partner Wang Ling is ‘a major banking name’.
‘Top for capital markets and securities’, Commerce & Finance Law Office also has a busy banking team. Clients include Deutsche Bank and Goldman Sachs, who have instructed the team on various project financings. Firm founders Han Xiaojing and Di Xiaofeng are active in the banking practice.
Haiwen & Partners has ‘a sophisticated banking practice’, with recent experience in advising PRC subsidiaries or branches of major international banks on PRC market access and the creation of new products, and representing a bank syndicate in extending a $1.8bn loan to a Sino-foreign joint venture in Shanghai. Ma Chen is well-known.
Run Ming Law Office has ‘banking prowess’ and is ‘particularly strong for aircraft financing’. Recent highlights include representing Export-Import Bank of China on a $230m term loan facility extended to Aerdragon Aviation Partners for six Airbus A320 aircraft. The team also acted as PRC counsel to Japanese sponsors of a wind farm in Inner Mongolia in securing $24m financing from Asian Development Bank. Liu Yi is rated as ‘fantastic’.
Zhong Lun Law Firm’s engagements in 2008 included acting as PRC counsel to Shanghai Wai Gao Qiao New City Warehousing in securing a $120m refinancing for the Wai Gao Qiao Bonded Logistics Park. The team also advised Bank of China and other four major Chinese Banks in connection with a RMB42bn loan to a steel manufacturing company in China. John Jiang and Shirley Xu are ‘well regarded’.