China > Beijing > Capital markets
Capital markets: Beijing
Widely commended as ‘top notch for capital markets’, Commerce & Finance Law Office ranks highly for both value and volume of deals done in 2008. Recent highlights include advising China State Construction Engineering on its announced $6.2bn IPO on the Shanghai Stock Exchange. The team also acted as PRC counsel to Changyou.com on its $138m listing of 7.5m American depository shares. Liu Gang is praised as ‘great for securities work’.
Global Law Office’s capital markets practice garners high praise as ‘very comprehensive, creative, customer-driven, responsive, and knowledgeable about securities transactions’. Recent highlights include acting for RCG Holding in its Hong Kong IPO, and advising Haerbin Jiuzhou Electric on its IPO of A shares and listing on the Shanghai Stock Exchange. Hai Huang is singled out as ‘hardworking, experienced and professional’, while Liu Jinrong ‘gives fast and accurate answers’.
The ‘very reputable’ Haiwen & Partners was co-counsel on the $6.2bn China State Construction Engineering IPO, and acted for SOHO China on its $1.9bn IPO. The practice also acted for the joint underwriters on Kingsoft’s $100m IPO, and for Dongxiang on its $705m IPO. He Fei and Zhou Weiping are noted as ‘first class for investment and securities’.
‘Excellent securities firm’ Jingtian & Gongcheng acted as PRC counsel for the underwriters on the $884m global IPO of Chinese state-owned building materials supplier, BBMG. The team also acted for the joint arrangers on Renhe Commercial Holdings’ $435m IPO and listing on the Hong Kong Stock Exchange, and advised Zhong An Real Estate on its $464m IPO. Founding partner Bai Wei is recommended.
Jun He Law Offices is praised as ‘very good for capital markets work’. Recent highlights include acting as PRC counsel for Citigroup Global Markets Asia as sponsors of Real Gold Mining’s $132m Hong Kong IPO. Additionally, the team advised Chongqing Machinery & Electric on its issuance of 1 billion H shares on the Hong Kong Stock Exchange, thereby raising HK$ 1.3bn.
King & Wood has one of the busiest practices in the market. Recent highlights include acting for southern China-based herbal shampoo maker Bawang International in its $215m IPO, and representing the underwriters on Changyou.com’s $138m IPO and Nasdaq listing. The team also advised Honghua Group on its $410m Hong Kong IPO. Founding partner Bai Yanchun and Yang Xiaolei are key individuals.
Zhong Lun Law Firm is ‘great for capital markets’ - in 2008, the team acted as PRC counsel to Mongolian hotpot restaurant chain Little Sheep on its $100m global offering and Hong Kong listing. The team also acted for Shenzhen Highpower Technology in its listing on the American Stock Exchange. Yuhong Yang is well regarded.
Grandall Legal Group’s recent engagements including representing China South Locomotive & Rolling Stock, the largest Chinese train maker, in its $1.5bn IPO. Additionally, the team advised China Merchants Securities on its sale of 358.5m new A shares in a $735m IPO. Beijing managing partner Wang Weidong has a busy practice.
Highlights of 2008 for Guantao Law Firm included acting for market-leading Chinese molybdenum producer Jinduichen Molybdenum in its $1.28bn IPO. Founding partner Cui Liguo has a strong capital markets focus.
Securities and investment are two of JunZeJun Law Offices’ core competencies, with seven partners dedicated to capital markets work. The debt capital markets team acted for Bank of East Asia in its RMB146m Hong Kong bond issuance. Xiuming Tao has good experience.
Capital markets is a small but significant aspect of Run Ming Law Office’s practice, where the firm leverages its expertise in banking. Managing partner Yadong Wang has a component of capital market work to his practice, with Yingying Gu a recommended specialist.