Firms To Watch: Banking and finance: PRC firms

Rui Bai Law Firm is noted for its work in the aircraft financing sector, where it handles financings, refinancings, and loan defaults. The team is a part of the PwC network of firms and is led by Yi Liu.
The banking and finance team at SGLA Law Firm, led by Paul Zhou, joined the firm at the end of 2020 from Wintell & Co Law Firm. The practice handles matters including real estate finance as well as disputes involving trusts and loans.
Hai Run Law Firm focuses on disputes involving loans and trusts, acting for a range of Chinese banks. The team is led by Chunjiang Yu and Jinlong Zhou, and was joined in 2021 by Huanwei Zhang and Jianhui Zeng from Anli Partners.
Established in 2013, Joius Law Firm counts a number of Taiwanese banks as its key clients which it advises on syndicated loan, project financing and debt financing transactions.
Shanghai Pacific Legal  established its banking and finance practice in September 2020, when Joy Gao  joined the team from Zhong Lun Law Firm. The team has since been active in advising on the establishment and restructuring of loan facilities.

Banking and finance: PRC firms in China

Fangda Partners

Fangda Partners is highly active in the banking and finance space, advising on a range of transactions. The practice has a particular specialism in privatisation finance, advising on major acquisitions of Hong Kong-listed companies. In addition to advising banks on loans and the establishment of loan facilities, the practice frequently acts for borrowers including companies and private equity funds. Stanley Chen leads the team and handles both acquisition and project finance, while Xie Zheng has broad expertise across the corporate and banking sectors. Maria Wang is also recommended and has a specialism in matters involving real estate, such as the financing of the acquisition of real estate assets.

Practice head(s):

Stanley Chen

Other key lawyers:

Xie Zheng; Maria Wang; Joyce Zhou

Testimonials

‘Wang Qi has good communication and consistency of words and deeds.’

Key clients

Bank of China

The Export-Import Bank of China

China Development Bank

China Construction Bank

Industrial and Commercial Bank of China

Ping An Bank

Shanghai Pudong Development Bank

China Merchant Bank

JP Morgan

Citibank

Deutsche Bank

HSBC

Standard Chartered Bank

DBS Bank Limited

OCBC Bank

SEB

DNB Bank ASA

Nordea Bank

Banco de Santander

Bank of America Merrill Lynch

Wing Lung Bank

Shanghai Electrics

Boyu Capital

CVC Capital

TPG

GE Capital

Alibaba Group Holding Limited

Warburg Pincus

Morgan Stanley

CITIC Capital

Oaktree

China Minsheng Financial Holding Corporation

Chong Hing Bank

ICBC International Holdings Limited

Charoen Pokphand Group

Maybank

Loyal Valley Capital

Work highlights

  • Acted as PRC counsel of 58.com Inc. and Quantum Bloom Company Ltd in the privatization loan facilities provided by a consortium of banks for financing the privatization of 58.com Inc.
  • Acted as PRC counsel of Anjuke Group Inc. in the loan facilities provided by a consortium of banks for refinancing of parts of the privatization loan borrowed 58.com Inc. This transaction is part of the restructuring of the 58.com Inc. following its privatisation.
  • Advised KKR on acquisition financing to fund its acquisition of certain businesses of NVC.

Global Law Office

Global Law Office advises banks on the financing of acquisitions and projects as well as the establishment of loan facilities. The practice is experienced at advising on cross-border loan transactions, such as financing Chinese developments overseas. The team is also active in handling contentious cases, acting for banks in disputes with borrowers over financial loan contracts. Lawrence Lin and Xin Zhang  lead the practice from the firm’s Beijing office; both have broad practices, with Lin also noted for his expertise in ship finance. May Liu is also active in ship finance, as well as aircraft and trade financing; elsewhere, Minghao Xu specialises in financing related to trust structures and trust investment vehicles, while Kunlin Wang is managing partner of the firm’s Chengdu office and handles contentious and non-contentious matters in this area.

Practice head(s):

Lawrence Lin; Xin Zhang

Other key lawyers:

May Liu; Minghao Xu; Kunlin Wang; Li Zhu

Key clients

The Export-Import Bank of China

China Development Bank

China Construction Bank Limited

Bank of China Limited

China CITIC Bank International Limited

Agricultural Bank of China

IFC

ADB

The Hongkong and Shanghai Banking Corporation Limited

China Merchants Bank

Standard Chartered Bank

Work highlights

  • Advised a local branch of The Export-Import Bank of China on a loan to Xiaomi.
  • Represented Sichuan Tianfu Bank Co., Ltd  in handling the disputes over financial loan contracts with Chengdu Kangyao Construction Engineering Co., Ltd  in Sichuan Province.
  • Represented Chengdu Branch of Sichuan Tianfu Bank Co., Ltd. in handling the disputes over bills with Southwest Branch of the sixth company of China Construction Third Engineering Bureau Corp., Ltd.

JunHe LLP

JunHe LLP’s well-established banking practice is adept at handling the full range of transactions in this area, acting for lenders in financing M&A deals, real estate acquisitions, projects, and restructurings. The financing of privatisations and transactions in the logistics sector are two particular recent areas of growth for the practice. The sizeable team is jointly led by Nelson Zhou who is highly active in acquisition finance and counts private equity sponsors amongst his clients; Jun Zhou who handles the financing of corporate transactions across sectors including real estate, manufacturing, and technology; and Juyi Lu who also has a broad practice and acts for both Chinese and multinational financial institutions. David Liu is another key figure in the practice.

Practice head(s):

Nelson Zhou; Jun Zhou; Juyi Lu

Other key lawyers:

David Liu

Key clients

58.com

Industrial Bank Co., Ltd

Standard Chartered Bank (China) Ltd

Blackstone

Bank of China

DCIG

Bank of Communications

HSBC China

CMBS

JP Morgan

Work highlights

  • Advised a financing syndicate, including Shanghai Pudong Development Bank, China Merchants Bank, Ping An Bank and Societe Generale in completing 58.com’s privatization and delisting from the NYSE.
  • Advised the syndicate formed under the leadership of Société Générale to successfully provide funds to Geely Group to support the restructuring of Polestar.
  • Advised Sina in completing its privatization and delisting financing.

King & Wood Mallesons

The broad expertise of King & Wood Mallesons‘ banking and finance team ‘demonstrates a wide range of competencies and can provide valuable legal advice across different specialties and situations.’ It regularly acts for banks and borrowers on a range of financing transactions, including onshore and offshore loans and syndicated loans. The team is led by Ma Feng, who is known for his work in aircraft and project financing, and Stanley Zhou, whose work includes advising on acquisition and privatisation financing transactions. Both are highly experienced in cross-border transactions. Asset-backed securitisation specialist Fushen Chen and Jie Chen, who focuses on aircraft leasing, managing partner Ling Wang and Stella Wang are also names to note in the team.

Practice head(s):

Ma Feng; Zhou Xin (Stanley)

Other key lawyers:

Jie Chen; Fushen Chen; Keith Huang; Simon Xu

Testimonials

‘The team is able to handle more complex transactions, with strong team professionalism.’

‘Jie Chen has relatively skilled legal service experience in complex transactions, with good communication skills and adaptability.’

‘The King & Wood Mallesons team has an excellent understanding of our business and takes a pragmatic and commercial approach to provide solutions to complex legal issues that arise.’

‘Responsive and rich experience in China aviation market.’

The team is responsive and can provide up-to-date market information and advice to client.’

‘As a leading comprehensive law firm in China, KWM has always been the best choice for large enterprises.’

‘The team not only covers ordinary bank financing, but also has extensive experience in many professional financing fields such as aircraft and ships.’

‘Although Jie Chen is still very young, she is already very senior in the industry and has been involved in many projects. She is able to provide premium quality service and has very in-depth study in domestic law, she can also find many points that are easily ignored in ordinary times, which makes the clients very satisfied.’

‘The team has extensive experience in aviation and financing cases. Partners, senior lawyers, lawyers and interns in the team are reasonably allocated, and able to provide professional advice on various legal matters.They can provide good solutions to various problems for lessors in the cooperation.’

‘KWM enjoys the advantage of having strong capability both onshore and offshore, being able to provide high quality one-stop service for cross-border transactions.’

Key clients

Bank of China (Hong Kong) Limited

Foxconn Industrial Internet Co., Ltd.

China Minsheng Bank (CMBC)

China Merchants Bank Co., Ltd.

Bank of China Co. Ltd.

Agricultural Bank of China Co. Ltd.

Shanghai Pudong Development Bank Co., Ltd.

Bank of Communications Co., Ltd.

China Construction Bank Co., Ltd.

Jaguar Land Rover (China) Investment Co. Ltd

Zhong Lun Law Firm

Zhong Lun Law Firm’s highly active banking practice has a broad client base, encompassing banks and non-bank financial institutions such as private equity funds, asset management companies, consumer finance companies and trusts, as well as borrowers. It also provides on-going advice to clients on compliance, corporate governance, and contract drafting, as well as on the financing of M&A transactions. The practice is led by Zhisong He, Yuan Ting, Zanxin Zeng, and Xinyu Liu. Shirley Lu has decades of experience in this sector, and counts both foreign and domestic banks amongst her clients. Wilson Wei Huo leads on banking-related arbitrations and litigation; David Liu in Qingdao and Wayne Wang in Guangzhou are also names to note.

Other key lawyers:

Shirley Lu; Wilson Wei Huo; David Liu; Wayne Wang

Testimonials

‘The lawyers are able to provide innovative legal services. This is a well-coordinated team.’

‘Yang Tian has made great achievements in the arbitration of financial cases, his services are excellent.’

‘The financing team is experienced and responsive, provide appropriate opinions and suggestions to clients.’

‘Wayne Wang is an experienced lawyer with clear thinking and provides high-quality legal services to clients.’

Key clients

Advent International

Apollo Management

Tianqi Lithium Corporation

Ascent Real Estate Investors

Blackstone Group

BPE Asia Real Estate Fund

FSN Capital

Hines

Ironbridge Equity Partners

J.P. Morgan Asset Management

Phoenix Property Investors

Tishman Speyer

Warburg Pincus

Sigma Delta Partners Investment

Zhongrong International Trust

Barclays Bank

BNP Paribas

CACIB

CCB

International Finance Corporation

OCBC

UOB

New Hope Group Co., Ltd. and its main affiliates

Dongfang Electric Corporation and its main affiliates

China Cinda Asset Management Co., Ltd. Sichuan Branch and Chongqing Branch

CapitaMalls Asia (Chengdu) Co., Ltd. and five affiliates of CapitaLand Group

Sichuan Tourism Development Group Co., Ltd.

Sichuan Jinding Industry Financial Holding Co., Ltd.

Huaxi Securities Co., Ltd.

Sichuan Tianqi Lithium Co., Ltd.

New hope dairy Co., Ltd.

Chengdu Raffles Industry Co., Ltd

Sichuan Development Finance Leasing Co., Ltd

Chengdu Boaoteke Biotechnology Co., Ltd.

Sichuan Haotel Communication Co., Ltd

Xingyuan Environment Technology Co., Ltd.

Guangzhou Huixin Internet Microfinance Co. Ltd

Haisco Pharmaceutical Group Co., Ltd

Symantec Software Development Chengdu Co., Ltd.

Chengdu Gaoxin Innovation Investment Co., Ltd.

Sichuan Development Emerging Industrial Park Investment Construction Management Co., Ltd.

Citic Securities Company Limited

Shanghai Yiyao Biotechnology (Group) Co., Ltd.

China Development Bank

China United SME Guarantee Corporation

COFCO Trust Co., Ltd.

Huarong Securities Co., Ltd.

China Export & Credit Insurance Corporation

First Capital Securities Co., Ltd.

Great Wall Wealth A.M.C.

Hengfeng Bank

China Fortune International Trust Co. Ltd.

CMB Wealth Management Co. Ltd.

Bank of Qingdao Co., Ltd.

ZhongRong XinDa Group Co., Ltd.

Chongqing Kangtian Smart Life Service Co., Ltd. (formerly name: Chongqing Kangtian Property Service Co., Ltd.)

China Minsheng Banking Corporation Chongqing Branch

China Huarong Asset Management Co., Ltd. Chongqing Branch

Chongqing Rail Transit (Group) Co. , Ltd.

Chongqing Xinyu Financial Leasing Co., Ltd.

Bissell Homecare Inc.

Hannover Re-insurance

Beijing Konruns Pharmaceutical Co., Ltd. (“Konruns”) (603590.SH)

Guangzhou City Construction Investment Ltd.

Synertec Corporation Limited, a multi-disciplined engineering consulting firm in Australia, which is listed on ASX

State Grid Overseas Investment Co. Ltd.

XRSPACE

Chongqing Kangtian Smart Life Service Co., Ltd. (formerly name: Chongqing Kangtian Property Service Co., Ltd.)

China Minsheng Banking Corporation Chongqing Branch

China Huarong Asset Management Co., Ltd. Chongqing Branch

Chongqing Rail Transit (Group) Co. , Ltd.

Chongqing Xinyu Financial Leasing Co., Ltd.

Work highlights

  • Advised United Overseas Bank Limited on the acquisition facilities in an aggregate amount equal to several hundred million Singapore dollar for the privatization delisting of Sunningdale Tech Ltd, a leading manufacturer of precision plastic components.
  • Advised Advent International and Cinven on the onshore SBLC facilities in relation to the offshore financing granted by Deutsche Bank and Standard Chartered Bank respectively in an aggregate amount of approximately EUR550 million, which is part of the offshore financing for the acquisition of Thyssenkrupp’s Elevator Technology business in 2020.
  • Advised China United SME Guarantee Corporation on a $200 million bond default case, which covered a series of intricate procedures and various complicated issues such as the disposal of defaulted bonds, priority between preferred creditors and first-lien creditors, enforcement of pledged shares of a listed company, bankruptcy and reorganization of a listed company and etc.

Dentons China

Dentons’ banking team acts in conjunction with the firm’s offices around the world to advise on cross-border matters. The practice is particularly focused on the securities sector, where it handles the issuing of securities as well as the securitisation of loans and non-performing assets. Aircraft lease financing is another specialism for the team, which is led by Jie Wang , Zhang Wei, Jingjing Xia and Xie Fei. Lihong Wang and Frank Qu are also noted for their work on derivatives and securities.

Other key lawyers:

Lihong Wang; Frank Qu; Jian Ying; Yao Zhou

Testimonials

‘This team has strong business and legal experience in credit asset securitization, and keeps effective communication with issuers and lead underwriters in the drafting of transaction structure and project due diligence to help promote the project.’

‘In particular, the law firm has a high market share in the disposal of non-performing assets and has provided services for many types of banks with extensive experience in non-performing assets.’

‘Dentons law firm offers a comprehensive range of professional and efficient legal services. They are experienced in the field of disposal of non-performing assets.’

‘Jian Ying designs different trading methods according to different assets, which is very practical and efficient. She also has a good understanding of the market for distressed assets and is able to provide helpful advice on how to communicate with investors and what they are more concerned about.’

‘The team has extensive experience, has a good understanding of many asset types, as well as has a comprehensive understanding of market conditions.’

‘Yao Zhou’s team responds promptly and can always complete impossible tasks in the shortest time. In the process of communication, they fully listen to clients’ opinions and quickly develop solutions suitable for clients. They are professional and responsive in negotiation, with outstanding coordination and communication skills. The team’s billing mechanism is flexible and the best solutions are tailored to clients.’

‘In the process of global business development, Yao Zhou provides professional advice across time zones and participates in important negotiations to help clients solve issues. Zhou has strong coordination and communication skills and is able to provide one-stop services for cross-border transactions.’

Key clients

FAW Auto Finance Co,. Ltd.

Ping An Bank Co., Ltd.

Everbright Financial Leasing Co., Ltd.

China Construction Bank Corporation

Bank of Cangzhou

Hua Life Insurance Co., Ltd

Zhejiang Tailong Commercial Bank Co., Ltd.

Great Wall Guorong Investment Management Co., Ltd.

FenXun Partners

FenXun Partners leverages its links with Baker McKenzie to advise PRC lenders on cross-border financings, including the financing of projects, acquisitions and investments. The team has particularly close links to the Export-Import Bank of China, advising them on overseas loans. Shirley Wang leads the practice; Grace Chen is also based in the Beijing office and is highly active in the financing of overseas projects. Kevin Yuan joined the firm in July 2020 from AllBright Law Offices, while Samuel He was promoted to partner in July 2021 and handles transactions in the Greater Bay Area.

Practice head(s):

Shirley Wang

Other key lawyers:

Grace Chen; Kevin Yuan; Grace Chen; Samuel He

Testimonials

‘The team is well aware of the rights and interests of banks and clients, and fully understands the business and legal terms.’

Key clients

The Export-Import Bank of China

China Development Bank

Bank of China

China Minsheng Bank

China Construction Bank

China Citic Bank

Industrial and Commercial Bank of China

European Bank for Reconstruction and Development

Landesbank Baden-Wuerttemberg

Dah Sing Bank, Limited

China International Capital Corporation Limited

CITIC Securities Company Limited

ABC International Holdings Limited

China Merchants Bank

Huarong Rongde Asset Management Co., Ltd.

PowerChina

China Financial Futures Exchange

Shengrong International Financial Leasing Co., Ltd.

Shenzhen Iron E-Commerce Ltd.

Work highlights

  • Advising Barisal Electric Power Company Limited, a Bangladeshi subsidiary of PowerChina Resources Limited, on the financing of a 300MW coal-fired power project in Bangladesh.
  • Advised as the leading counsel for China Development Bank Jilin Branch in respect of a cross-border transfer of non-performing loans to a PRC AMC.
  • Acted as the PRC counsel of China Minsheng Banking Corp., Ltd (as the lender) for a bridge loan for DITO Telecommunity Corporation, incorporated in Philippine.

Han Kun Law Offices

Han Kun Law Offices is noted for its leading aviation finance practice, advising on the leasing of aircraft as well as the financing of aircraft purchases. Shu Wang leads on this work, which also includes advising on issues stemming from airline bankruptcies and insolvencies. Elsewhere, the team advises on compliance with regulation and the issuing of asset-backed securities. The practice was bolstered in September 2020, when Rong Fang joined the team from King & Wood Mallesons. Fang specialises in real estate finance, particularly the establishment and listed of REITs. Tiecheng Yang  has over 20 years’ experience advising on financial regulations, and more recently on fintech, data protection and cybersecurity matters.

Practice head(s):

Shu Wang

Other key lawyers:

Rong Fang; Tiecheng Yang; Zhu Jun; Yi Ding

Testimonials

‘Han Kun Law Offices’ Aviation Finance Practice Group is the go-to external counsel for many leading aircraft lessors. They have in depth knowledge of the regulatory, legal landscape in the PRC for aircraft financing transactions.’

‘Wang Shu and Zhu Jun are key partners in the aircraft financing practice for Hankun Law Offices. They are both leading legal experts in this field and have tremendous experience in the aviation industry. I find their advice to be clear, on point and commercial oriented. They also have a well managed, professional, support team. Whenever we are faced with any issues in the PRC, I have full confidence seeking Wang Shu and Zhu Jun and their team’s support.’

‘The bank financing team of the firm ranks first among law firms in Mainland China in understanding and practical experience of aircraft leasing and financing transactions.’

‘Shu Wang is probably one of the most experienced and active partners in the field of aircraft leasing and financing in China.’

‘Outstanding Partners: Shu Wang, Yi Ding. Both Wang and Ding are very professional and considerate for clients. They are able to provide professional guidance that meets clients’ needs, which is worthy of trust.’

‘The team has extensive project experience, strong professional knowledge and ability in aviation financing business sector, provide professional, feasible and reliable opinions and suggestions from the perspective of clients. It has reasonable team composition with efficient work, quick and timely feedback.’

‘When Yi Ding represents the client, he is able to argue with reason and strive for the maximum interests of the client. From the perspective of win-win, he can actively provide solutions to the client’s problems and promote the smooth implementation of the transaction.’

‘They are familiar with interbank financing business, understand market standard and are able to provide practical suggestions and feedbacks accurately and quickly, as well as organize negotiation and communication with counterparty lawyers efficiently. The fee is reasonable.’

Key clients

GECAS

ALC

ACG

Aercap

BOC Aviation

ICBC Financial Leasing

CCB Financial Leasing

ABC Financial Leasing

China Eximbank

Kunlun Financial Leasing

Macquarie AirFinance

UTF

China Southern Airlines

China Eastern Airlines

Air China

Shenzhen Airlines

Aircraft Recycle International

ALAFCO

SMBC

Carlyle Aviation Partners

Work highlights

  • Representing a group of lessors to participate in the bankruptcy reorganisation of the HNA entities
  • Represented ABC Financial Leasing in the purchase of three Boeing 737-800 aircraft from Tibet Financial Leasing.
  • Represented ICBC Leasing in its operating leasing of dozens of new Boeing and Airbus aircraft to China Southern.

Jingtian & Gongcheng

Jingtian & Gongcheng acts on the borrower and lender side of a range of financing transactions, including onshore-offshore loans, project financing, and acquisition financing. The practice is especially active in working with trust companies and asset managers. Practice head Jiejiang Wu handles the financing of a range of corporate transactions. Guobing Ren has a specialism in trust-related asset securitization, while Zhirong Zheng handles the financing of acquisitions and developments, including advising on onshore-offshore loans. Maoxian Qin is another name to note, with a focus on advising asset managers on investments.

Practice head(s):

Jiejiang Wu

Other key lawyers:

Guobing Ren; Hongjiu Zhang; Zhirong Zheng; Maoxian Qin

Testimonials

‘The firm is very responsive and provide good market knowkledge.’

Key clients

The Export-Import Bank of China

Bank of China

China Minsheng Banking Corporation

Bank of China Wealth Management Co., Ltd.

BOCOM Wealth Management Co., Ltd.

Everbright Wealth Management Co., Ltd

China International Capital Co. Ltd

China Post Financial Management Co, Ltd

CITIC Trust Co., Ltd.

Zhongrong International Trust Co., Ltd

China Minsheng Trust Co., Ltd.

SDIC Taikang Trust Co., Ltd.

China Everbright Trust Co., Ltd.

China Foreign Economy and Trade Trust Co., Ltd.

Zhejin Trust Co., Ltd.

China Credit Trust Co., Ltd.

Yingda International Trust Co., Ltd.

Jiangsu International Trust Co., Ltd.

Beijing International Trust Co., Ltd.

Hangzhou Industrial & Commercial Trust Co., Ltd.

Huachen Trust Co., Ltd.

Hwabao Trust Co., Ltd

China Foreign Economy and Trade Trust Co., Ltd

Yingda International Trust Co., Ltd

China Railway Trust Co., Ltd

Ping An Trust Co. Ltd

Bairui Trust Co. Ltd

Ping An Annuity Insurance Co., Ltd.

Ping An Pension Insurance Co. Ltd

China Life Investment Insurance Asset Management Co. Ltd

Shanghai Pudong Development Bank Co., Ltd. Shenzhen Branch

China Merchant Bank Co., Ltd. Shenzhen Branch

OCBC Capital Investment (Asia) Limited

DBS Bank Ltd

United Overseas Bank

Overseas Chinese Bank Corporation

Standard Chartered Bank

O-bank Commercial Bank (Taiwan)

Bank of East Asia

CTBC Bank

Shanghai Rural Commercial Bank

Bank of China Shanghai Branch

LaSalle Investment Limited

AllBright Law Offices

AllBright Law Offices has a broad practice in banking and finance, handling matters including the establishment and restructuring of funds and trusts. The team provides regulatory advice on these matters, and also assists on transactions, including those with cross-border elements. Xianming Li leads the team; other key partners include Zhongqing Guo, who focuses on futures and securities, and Zhang Sheng, who has a broad practice across financings, insolvencies, and the establishment of financial institutions. Sheng Bin is another name to note, and advises both banks and non-bank financial institutions.

Practice head(s):

Xianming Li

Other key lawyers:

Zhongqing Guo; Zhang Sheng; Sheng Bin

Testimonials

‘The team has extensive theoretical and practical experience in the field of financial leasing and factoring, and their grasp and understanding of the latest legal and judicial interpretations of financial leasing and factoring are very accurate and in place.’

Key clients

Hengqin Financial Investment Leasing Co., Ltd.

China CITIC Bank Co., Ltd.

Shanghai Aijian Trust Co., Ltd.

Donghao Lansheng (Group) Co., Ltd.

China Merchants Bank Co., Ltd. Shanghai Branch

Bank of East Asia Limited

Zijin Trust Co., Ltd.

Zijin Trust Co., Ltd.

Hengqin Financial Investment Leasing Co., Ltd.

China CITIC Bank Co., Ltd.

Work highlights

  • Advised Hengqin Financial Investment International Financial Leasing Co on the registration and establishment of a financial leasing company in the Macao Special Administrative Region.
  • Advised CITIC Securities Co., Ltd.  in the pledge-style repurchase of shares of Changying Credibility Technology Co., Ltd.  by establishing a trust scheme structure.
  • Providing ongoing advice to the Aijian Changying Zhuo Yue – Jianrong No. X (X = 3, 4 … …) supply chain collective fund trust plan issued by Shanghai Aijian Trust Co., Ltd.

DeHeng Law Offices

DeHeng Law Offices focuses on advising the lenders in financings of projects and acquisitions, as well as loan facilities. The team is adept at advising on cross-border transactions, such as corporate transactions involving Hong Kong and overseas energy projects. The practice is led by Zhang Xu and Ma Kai, with Shen Sisi also noted, particularly for her work in Hong Kong-related financings.

Practice head(s):

Zhang Xu; Ma Kai

Other key lawyers:

Shen Sisi

Key clients

China Development Bank

The Export-Import Bank of China

Bank of China

Bank of Communications

Bank of China (Hong Kong) Limited

China CITIC Bank International Limited

Agricultural Development Bank of China

China Construction Bank Corporation

Huatai Financial Holdings

China Export & Credit Insurance Corporation

Work highlights

  • Advised China Development Bank (Large Enterprise Unit) on funding for a RMB38.6 bn acquisition of certain equity of Natural Gas Pipe Network Group Co., Ltd by each of China Chentong Holdings Group Ltd. and China Reform Holdings Corporation Ltd. respectively.
  • Advised Export-Import Bank of China, Shanghai Branch and Bank of China, Shanghai Branch on funding for a USD120 million acquisition of 60% equity of Marelli (Hong Kong) Holdings Co., Limited.
  • Advised Export-Import Bank of China, Shanghai Branch on funding for a USD140.2 million equivalent RMB overseas investment of Shanghai Pharmaceutical Group Co., Ltd. for its capital increase in Shanghai Pharmaceutical Hong Kong.

East & Concord Partners

East & Concord Partners stands out for its expertise in banking regulation, with the team acting as advisors to banks and other financial institutions on compliance with PRC law. The team’s work in this area includes acting in growing areas of the Chinese market, such as fintech. Elsewhere, the practice advises lenders on transactions such as syndicated loans. Dorothy Xing serves as practice head and has experience in handling regulatory matters, capital market transactions, and investments. Jennifer Zhang is also active in regulation and provides assistance to banks, asset managers, and insurers.

Practice head(s):

Dongmei (Dorothy) Xing

Other key lawyers:

Jennifer Zhang

Key clients

China CITIC Bank

CITIC Trust

Huaxia Bank

SDIC Taikang Trust

China Pacific Insurance Group Co., Ltd.

Postal Savings Bank of China

China Zheshang Bank (CZBank)

AI Bank

TianAn Life

CITIC Wealth

New China Life Insurance Co., Ltd.

Industrial Bank

Ping An Bank

Taikang Insurance Group

SPD Silicon Valley Bank

China Construction Bank

Agricultural Bank of China

Kazakhstan Altyn Bank

PICC

China National Investment and Guaranty Corporation

Work highlights

  • Undertook the exclusive legal support for the thematic research project commissioned by CBA on corporate governance of Chinese banking industry.
  • Assisted China CITIC Bank London Branch with issuing a foreign currency interbank deposit (USD 2 billion) in 2020 and a USD 5 billion European medium-term note program in 2021.
  • Provided legal services for the governance structure and operational security of AI Bank.

Guantao Law Firm

Guantao Law Firm has a broad offering in the banking and finance sector, with particular focuses on advising on the issuance of asset-backed securities and the financing of projects. The team’s work in the projects space includes handling cross-border transactions, as it acts for PRC banks in financing overseas developments. Liqiu Lyu leads the team and in addition to advising on financings also handles investments and debt-to-equity swaps.

Practice head(s):

Liqiu Lyu

Other key lawyers:

Weihong Tan; Yandi Liu; Hongli Zou; Ying Yin

Key clients

Anbang Insurance Group Co., Ltd

China Post Life Insurance Co., Ltd.

Bank of China Limited

China CITIC Bank

China State Construction International Investments (China) Ltd.

China Life Investment Holding Company Limited

China Export & Credit Insurance Corporation(Sinosure)

Shenzhen Special Zone Construction Development Group Co., Ltd.

Shaanxi International Trust Co., Ltd.

Bank of China Ltd. Shanghai Baoshan Branch

CCCC Second Highway Engineering Bureau Co.

Work highlights

  • Advised Anbang Insurance Group Co., Ltd on the disposal of 55% shares of Chengdu Rural Commercial Bank.
  • Advised China Post Life Insurance Co., Ltd. on issuing 2020 Capital Supplement Bonds.
  • Advised Bank of China Co., Ltd. on the trust plan to invest the employee target salary beneficial right project of an enterprise.

Llinks Law Offices

Llinks Law Offices acts for lenders on offshore and onshore loans, including the financing of acquisitions and projects. The practice acts for both PRC and overseas banks active in the Chinese market. Practice head Charles Qin focuses on banking and finance disputes, while Michael Mei handles transactions including syndicated lending. Raymond Cai and Elva Yu are also key figures in the team and have broad practices.

Practice head(s):

Charles Qin

Other key lawyers:

Raymond Cai; Elva Yu

Key clients

Shanghai Bonghui Commercial Factoring co., Ltd.

Shanghai Pudong Development Bank Co., Ltd.

Beijing Jingdong Century Trading Co.,Ltd.

Shanghai Electric (Group) Corp.

Xiamen International Trade Group Co., Ltd.

ICBC Financial Assets Investment Co., Ltd.

Xiamen ITG Group Corp., Ltd

Tengan Fund Distribution(Shenzhen) Co., Ltd

Xiamen International Trade Group Co., Ltd.

ICBC Financial Assets Investment Co., Ltd.

Work highlights

  • Advised Shenyang Branch on parallel offshore and onshore syndicated loans.
  • Advised Hang Seng Bank (China) Limited and Nanyang Commercial Bank (China) Limited on a parallel offshore and onshore loan advanced to a leading player in the IDC industry.
  • Advised Oversea-Chinese Banking Corporation Limited on EUR19,500,000 Credit Facility for Titan Wind Energy (Suzhou) Co., Ltd.

Tian Yuan Law Firm

Tian Yuan Law Firm is particularly noted for its work on project financing, acting for both the lenders and sponsors of developments around the world, including in projects forming part of the Belt and Road Initiative. The team also advises lenders on syndicated loans offered to Chinese companies. Xiaodong Zhu and Wei Xu lead the practice, with Zhu experienced in cross-border projects work.

Practice head(s):

Xiaodong Zhu; Wei Xu

Key clients

CITIC Trust Co., Ltd.

China Securities Co., Ltd.

Postal Savings Bank of China Co., Ltd.

Founder Securities Underwriting and Recommendation Co., Ltd.

China Construction Bank

Export-Import Bank of China

Shengjing Bank

China Construction Bank, Dalian Branch

PowerChina International Group

Volkswagen Finance

Work highlights

  • Advised the Export-Import Bank of China on the buyer’s concessional loan for the South Line Design Consulting and Supervision Project of South-North Railway of the Philippines.
  • Advised China Yangtze Power International on obtaining syndicated acquisition financing.
  • Advised Shengjing Bank on an initial offering of RMB 3.878 Billion CLO Products.