Back to Asia Pacific

Banking and finance: PRC firms in China

Fangda Partners

At Fangda Partners, lawyers are particularly experienced in acquisition and structured finance projects, advising international and domestic financial institutions, borrowers and sponsors. The practice is broad, and in addition, the group has expertise in non-performing loan, trade and project financing, as well as corporate lending. The department is jointly led by acquisition finance specialist Stanley Chen and Xie Zheng, an expert in syndicated lending and restructuring. Romy Zhuo is a core team member with experience acting as lead counsel in cross-border financing transactions for PRC financial institutions. Rock Wang's practice consists of debt financing and restructuring projects. Promoted to partner in 2019, Joyce Zhou is fast becoming an expert in acquisition, debt and structured financing, with an impressive client-base of investment banking and asset management departments of banks.

Practice head(s):

Xie Zheng; Stanley Chen

Testimonials

The team is very good at legal advisory services for complex projects such as cross-border syndicates, M&A loans, and privatization financing, and has rich experience. Able to coordinate the demands of all parties from the standpoint of the bank and the borrower at the same time.’

Fangda’s team is able to provide bank clients with legal services on complex bank financing, especially complex transactions involving cross-border mergers and acquisitions.’

The Fangda team has provided excellent legal services on behalf of our bank in major merger and acquisition financing cases in the past five years. In the field of cross-border debt financing legal services, the Fangda team has always been the preferred law firm of our bank.’

They put customers first, provide feasible solutions for customers’ practical difficulties.’

 

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

Charoen Pokphand Group

Maybank

Work highlights

  • Acted as counsel to syndication lenders, including China Merchant Bank Zhuhai Branch as the agent, for acquisition financing granted to an SPV owned by Hill house Capital Group.
  • Acted as PRC counsel for KKR in relation to loan facilities provided by the Bank of China Macau Branch, China Minsheng Bank, Shanghai Pilot Free Trade Zone Branch and ICBC International Finance Limited for financing of the acquisition by a SPV set up by the Sponsor of certain business/subsidiaries of NVC Group.
  • Advised a consortium led by Centurium Capital Management on a $2bn loan from PRC banks, including Ping An Bank, to finance a large US stock privatisation deal.

Global Law Office

Global Law Office has a well-developed and highly active banking and finance practice, which spans bilateral and syndicated loans, project and acquisition finance, as well as asset finance and bond issuances. Clients mainly comprise domestic and international financial institutions, as well as major borrowers. The department is jointly led by Lawrence Lin and Xin Zhang. In a major transaction during the pandemic, Li Zhu and Zhang advised New Development Bank on the issuance of the first Coronavirus Combating Bonds, designed to facilitate the Emergency Assistance Programme Loans offered by the PRC government. May Liu is another name to note, specialising in aircraft and vessel financing, as well as trade finance. Miller Wang focuses on cross-border financing transactions, advising domestic and overseas corporates.

Practice head(s):

Lawrence Lin; Xin Zhang

Testimonials

‘Global Law Office always update and post us well informed of what are the impacts of the changes of regulatory requirements and laws in Mainland China in all respects.’

May Liu in Beijing always renders her useful and constructive comments on the legal documentation pointing out those legal, commercial, credit and even operational risks pertaining to the proposed deal structure and more importantly protect the interests of the bank without blocking or deferring the deal.

Extensive knowledge of China regulation, market practice and requirement from international banks, that provide valuable solution advice to banks.’

They clearly state key points under Chinese laws and regulation to us and considering the position of banks to advise solution. Highly efficient and professional.’

Key clients

The Export-Import Bank of China

China Development Bank

China Construction Bank

Bank of China Limited

China CITIC Bank International

Agricultural Bank of China

IFC

ADB

The Hongkong and Shanghai Banking Corporation

China Merchants Bank

Standard Chartered Bank

Work highlights

  • Advised New Development Bank on its RMB5bn Coronavirus Bonds, with a tenor of 3 years, issued on the China Interbank Bond market to facilitate the Emergency Assistance Programme loan in response to the pandemic.
  • Advised the China Construction Bank (Astana Branch) on the successful issuance of 1 billion offshore RMB bonds.
  • Advised the Government of Portugal on the issuance of RMB2bn Panda Bonds.

JunHe LLP

Areas of focus for the team at JunHe LLP include bilateral and syndicated loans, acquisition and leveraged finance, project finance, and finance for trade and assets, as well as restructuring and insolvency issues. Co-leading the department are acquisition and structured finance expert Nelson Zhou, property development finance specialist Juyi LU and Jun Zhou, whose practice consists of infrastructure development and project finance matters. David Liu stands out for M&A finance projects, where he specialises in advising international and domestic banks.

Practice head(s):

Nelson Zhou; Juyi Lu; Jun Zhou

Other key lawyers:

Gavin Wang; David Liu

Work highlights

  • Advised a banking consortium led by Bank of China in connection with joint facilities to finance a coal-fired powerplant in Chittagong, Bangladesh.
  • Advised a syndicate including DBS Bank (China) and HSBC (China) on financing structure for Bain Capital for the construction of a data centre.
  • Advised China Minsheng Banking Corporation (Shanghai Free Trade Zone Branch) on acauisition finance for Blackstone Groups acquisition of Dongguan Langcing Storage.

King & Wood Mallesons

King & Wood Mallesons is most noted for its expertise in wealth management company establishment in the PRC, as well as cross-border financing projects, where it is able to draw on the capabilities of its international office network. The team is co-led by project and asset finance expert Feng MaStanley Zhou (who was elevated to co-leader in 2019, and specialises in acquisition finance), managing partner Ling Wang and Jack Wang. Known for his knowledge in aviation finance, Ning Wang is also recommended, as is asset-backed securitisation lawyer Fushen Chen.

Testimonials

They are very experienced in advising PRC transactions.’

Feng Ma is very experienced in advising PRC transaction and promptly responds to client’s enquiry.’

Can provide a one-stop service with experience in various fields of banking and financing business, and the overall quality can be assured.’

Outstanding professional ability, rich practical experience in the international financing market, able to coordinate the entire project and provide high-quality consulting services.’

The service covers a wide range of fields, and the comprehensive level of lawyers in the law firm is relatively high.’

Complete the legal due diligence work and document drafting work with high quality in a short period of time, have a clear understanding of the commercial terms of the project, and can provide reference opinions in case of a stalemate.’

The team has extensive trading experience, is very familiar with different types of financial activities and regulatory environment, and can provide adequate legal support for new products and new issues. Compared with other law firms, the team has a larger number of people, and the response speed is more secure.’

Key clients

Amundi

Industrial and Commercial Bank of China

China Merchants Bank

China Everbright Bank

Ping An Bank

Bank of China

China Minsheng Banking Corporation

Bank of Communications

Shanghai Pudong Development Bank

Fujian Gulei Petrochemical

Work highlights

  • Acted as PRC legal counsel to Fujian Gulei Petrochemical on its project financing transaction for the construction of the Gulei Refining and Chemical Integration Project located at Zhangzhou in Fujian province.
  • Advising a syndicate arranged by China Merchants Bank, Bank of Communications and China Guangfa Bank on its refinancing for ARA Asset Management Group’s onshore largest single-property acquisition of Century Link with loan amount of RMB13bn.
  • Represented a leasing group, in litigation between its Chinese SPV and a Chinese airline under a lease event of default situation.

Zhong Lun Law Firm

Zhong Lun Law Firm has a well-established full-service banking and finance offering, advising domestic and international banks on the spectrum of financing structures, including for commercial, syndicated and cross-border lending, M&A financing and asset financing projects. Of the department heads, Jonathan He has developed a strong practice that includes advising on the establishment of financial institutions; Borong Liu focuses on securitisations; Yi Hu focuses on securitisations and financial products. Shirley Lu has vast experience in cross-border finance, and Yuan Ting is the name for debt finance transactions.

Practice head(s):

Jonathan He; Borong Liu; Yi Hu

Testimonials

Thorough and comprehensive control of relevant regulatory policies in the banking sector, rich practical experience, and reasonable team echelon.’

Key clients

International Finance Corporation

The Export-Import Bank of China

China Development Bank

China Development Bank

Bank of Communications

China Minsheng Banking

China Merchants Bank

China Tianying Inc.

Taiping Life Insurance

BOCOM Financial Assets Investment

Bank of Jiangsu

Bank of Shanghai

Bank of Nanjing

China Construction New Zealand

JP Morgan

Blackstone Group

Tishman Speyer

The Carlyle Group

Warburg Pincus

PAG

Hines

Frasers Centrepoint

Softbank Group

Tianqi Lithium Corporation

Huayu Automotive Systems

Biostime

Sigma Delta Partners Investment

Ascent Real Estate Investors

ARA

JP Morgan Securities

Work highlights

  • Advised China Eastern Air Holding on the issuance of financing instruments on the Chinese Interbank Market by China Eastern Air Holding.
  • Advised China CITIC Bank (Beijing Branch) on the formation of a $250m syndicated loan to SIF Telecom Cambodia, to build a hydropowerstation.
  • Advised Blackstone Group on borrowing the loans in an aggregated amount of more than RMB 1 billion granted respectively by the onshore and offshore branches of Cathay United Bank for its acquisition of an onshore assets portfolio consisting of four logistics assets.
  • Advised Blackstone Group on borrowing an aggregated amount of more than RMB1bn granted respectively by the onshore and offshore branches of Cathay United Bank for its acquisition of an onshore assets portfolio consisting of four logistics assets.

Dentons China

Dentons China is able to both draw on the international firm, and on a hyper-local presence in multiple Chinese cities, allowing it to provide a granular service to international and domestic banks, securities houses, financial investors, funds, asset managers and leasing companies. The team in Beijing has particular expertise in aircraft financing projects. Team co-leaders in Beijing are Yang LiuLihong Wang and Ying JianJingjing WuFrank Qu and Armstrong Chen take the lead in Shanghai; while Weiqi Yao is the main contact in Shenzhen.

Other key lawyers:

Testimonials

The team can handle complex and large-scale financial projects, and can give forward-looking opinions from the legislative intentions and regulatory attitudes, not just from the legal provisions, which allows customers to avoid legal and regulatory risks in advance.’

Can accurately grasp our needs and concerns, and can also propose effective solutions. In the specific work, the operation process is clear, the legal opinions are accurate, and the feedback is timely. In addition, the team management is also very strict, the team’s leadership is strong, and the team leader often takes the lead in the front line to be responsible for the specific work of the project.’

Compared with other law firms, this lawyer is well-known in the field of finance and non-performing assets, with solid work and accurate opinions. Generally recognized by the industry, it is said to be a benchmark service. According to our actual cooperation, I do feel very relieved to entrust the project to them.’

Key clients

AVIC International Leasing .

Bank of Shanghai’s Xuhui sub-branch

CIB Financial Leasing

SF Airlines

Shanghai Pudong Development Bank Tianjin Branch

Bank of China Tianjin Branch

Maotai Financial Leasing

Haitong Unitrust International Leasing

Agricultural Bank of China Financial. Leasing

The Bank of East Asia (China)

Haitong Securities

Industrial and Commercial Bank of China (Asia)

Korea Development Bank Shanghai Branch

Shanghai Pudong Development Bank (SPDB)

Ningbo Yinzhou Rural Commercial Bank

Zhejiang Tailong Commercial Bank

Shanghai Rural Commercial Bank

Intesa Sanpaolo

Bank SinoPac (China)

China Financial Futures Exchange

Shanghai Futures Exchange

China CITIC Bank

SinoPac Financial Holdings Company

China Construction Bank Corporation

KPMG Consulting (China)

CCB financial assets investment

Bank of China (Hong Kong)

China Construction Bank (Asia) Corporation

China Construction Bank Hong Kong Branch

Industrial and Commercial Bank of China (Asia)

Industrial and Commercial Bank Hong Kong Branch

ING Bank

JP Morgan

ABN AMRO Bank

Bank RBK JSC

Work highlights

  • Advised AVIC International Leasing on an aircraft leasing financing project for Air China, concerning the acquisition of 16 aircraft.
  • Advised Haitong Unitrust International LEasing on an RMB10bn asset-backed securities issuance.
  • Advised Shanghai Pudong Development Bank on a RMB375m loan to a BVI domiciled company.

FenXun Partners

FenXun Partners' banking and finance team is able to draw on the global network of Baker McKenzie, the firm with which it has a joint operation. The group specialises in a variety of on- and offshore lending transactions, including in relation to project finance, syndicated and acquisition loans. The department is ably led by Shirley Wang, who provides solid expertise in advising borrowers and lenders on project finance. Grace Chen is another key team member with substantial experience in cross-border finance.

Practice head(s):

Shirley Wang

Other key lawyers:

Grace Chen; Samuel He

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

China International Capital Corporation

ABC International Holdings

Tsinghua Unigroup

Huarong Rongde Asset Management

Work highlights

  • Acted as the China Development Bank’s leading counsel in relation to Matiari to Lahore ±660KV HVDC Transmission Line Project for the construction and development of a HVDC transmission line in Pakistan with a total investment of $1.65bn
  • Acted as the leading counsel of a lenders group led by The Export-Import Bank of China for the dual currency fixed-asset loan granted to Chengdu ZhongDian Panda Display Technology
  • Acted as the PRC legal counsel to PowerChina Resources on the financing of a 300MW coal fired power project in Bangladesh.

Han Kun Law Offices

Han Kun Law Offices' team has carved out a real niche in the area of aviation financing, advising Chinese and foreign lessors, and domestic and international banks on leasing and financing of commercial aircraft and business jets to Chinese airlines. The group also advises on structured finance and asset-backed securitisation. The department is headed by Shu Wang and includes Xiaoming LI, whose expertise extends to project financing, particularly in relation to the infrastructure and energy sectors. Tiecheng Yang is the contact for structured finance issues.

Testimonials

The Han Kun Law Firm’s team is very professional in the field of aircraft financing, has high work efficiency, can respond to customer needs in a timely manner, and is very dedicated.

Compared with competitors, the lawyers of Han Kun Law Firm are more efficient and can communicate with clients in a timely manner, which is worth recommending.’

The team has a rigorous and responsible work attitude, high work efficiency, can actively respond to customer needs, and better safeguard customers’ interests in specific transactions.’

The advantages of Han Kun Law Firm’s team are: detailed and professional review of the contract text, high work efficiency, very timely feedback, relaxation in the negotiation, and the ability to propose effective solutions to various problems arising in the negotiation to promote the conclusion of the transaction.’

Strong professional knowledge, rigorous attitude, serious and responsible for everything regardless of size. The team is stable.’

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

  • Advised China Southern Airlines on financing for its acquisition of ARJ aircraft produced by COMAC
  • Advised China Eastern Airlines on finance for its purchase of ARJ aircraft produced by COMAC
  • Advised ICBC Leasing on its operating leasing of dozens of new Boeing and Airbus aircraft to China Eastern, China Southern and Shandong Airlines, respectively

Jingtian & Gongcheng

The banking and finance department is a core component of Jingtian & Gongcheng's offering. The team advises major Chinese and foreign banks, as well as corporations, on the spectrum of financing transactions and regulatory issues. It has particular expertise in cross-border project finance. The group is led by Jiejiang Wu, who specialises in finance for M&A, foreign direct investment, projects and leasing. Hongjiu Zhang is a seasoned finance lawyer, specialising in international transactions. In addition to financing transactions, Guangya Peng has developed a strong reorganisation and restructuring practice. Maoxian Qin focuses on asset management.

Practice head(s):

Jiejiang Wu

Testimonials

The team has considerable experience in providing relevant legal advice to overseas financial institutions and assisting in the review of other documents for the financing of mainland companies and individuals in their overseas investment activities. The document feedback is fast and of high quality.’

The team led by Lawyer Jiejiang Wu has a high level of professionalism, flexible service hours and reasonable fees.’

High-quality professionalism, business thinking.’

Key clients

Bank of China

Bank of China Wealth Management

BOCOM Wealth Management

CITIC Trust

Zhongrong International Trust

China Minsheng Trust

SDIC Taikang Trust

China Everbright Trust

China Foreign Economy and Trade Trust

Zhejin Trust

China Credit Trust

Yingda International Trust

Jiangsu International Trust

Beijing International Trust

Hangzhou Industrial & Commercial Trust

Huachen Trust

Hwabao Trust

Ping An Annuity Insurance

United Overseas Bank

Bank of East Asia

Cathay United Bank (Taiwan)

Bank of Communications

Overseas Chinese Bank Corporation

China Trust Bank Corporation (Taiwan)

O-bank Commercial Bank (Taiwan)

Agriculture Bank of China

Industrial and Commercial Bank of China

Standard Chartered Bank

DBS Bank

LaSalle Investment

PAG

Kohlberg Kravis Roberts (KKR)

China CITIC Bank International

E.Sun Commercial Bank

Bank SinoPac

Fubon Bank

Work highlights

  • Advised China Huaneng Group on finance for its acquisition of H shares in Huaneng Renewables Corporation, provided by Bank of China.
  • Advised the Export-Import Bank of China on its $600m financing of Dairi Prima Mineral for a lead-zinc mining project in Indonesia.
  • Advised KE Holdings on the Chinese aspects of a  $670 syndicated loan arranged by Goldman Sachs and Morgan Stanley

AllBright Law Offices

The banking and finance department at Shanghai-headquartered AllBright Law Offices has a real strength in project finance, as well as syndicated lending and borrowing matters. The group is led by Xianming Li who is an expert in financial trust companies. Xianying Li specialises in real estate and government infrastructure finance, Zuan Sun focuses on the intersection between banking and capital markets, with a strong track-record in bond issuance.

Practice head(s):

Xianming Li

Testimonials

The firm’s business is comprehensive, of which the capital market business is particularly prominent. Based on its rich experience, the firm is more efficient and professional than other law firms.’

Key clients

Shanghai Aijian Trust

Guotai Junan Securities

China International Capital Corporation Limited (CICC)

Huatai Securities

Nanjing Yangzi State-owned Investment Group

Zhengzhou Urban Construction Group Investment

China Merchants Bank

Shenneng (Group)

Shanghai Century Hui Real Estate and its overseas affiliates

Work highlights

  • Advised China Merchants Bank Credit Card Center on legal compliance
  • Advised Shenneng Group on the establishment of a Sino-foreign joint venture consumer finance company in Shanghai, with United Overseas Bank.
  • Advised Shanghai Century Hui Real Estate and its overseas affiliates as borrowers in relation to a RMB5.5bn syndicated loan from among others China Merchants Bank, for project finance.

AnJie Law Firm

AnJie Law Firm's lawyers regularly advise financial institutions, including international banks and Chinese lenders. The team is also instructed by a variety of corporate borrowers, with specific sector expertise in real estate, infrastructure, transportation, mining, energy, pharmaceuticals and healthcare. The team is led by Gulong Ren, whose practice includes acquisition and asset-backed finance, both domestically and cross-border, where his expertise in foreign exchange controls comes into play.

Practice head(s):

Gulong Ren

Testimonials

I have worked with the banking team headed by Gulong Ren on many asset finance transactions over the past few years. He and his colleagues have always provided sensible fee proposals, been completely proactive and on top of the work and gone beyond the strict scope of their work at no extra cost where necessary to deliver the service to the client.’

The team provides a seamless service – advice and work is allocated between them in an appropriate way and Gulong is clearly involved in or following all the work product. All of them are easy to work with – collaborative and experienced enough to handle unusual questions/ security structures.’

Quick practical advice from a team that understands the concerns of financial institutions.

Competitive pricing.’

Sound knowledge of finance transactions.’

Partner Gulong Ren has had international experience in Hong Kong so is fully understands the concerns of an international client. He also worked in house before so can understand the view point of lenders/financial institutions. He has a deep knowledge of trade finance.’

Highly experienced. Very responsive. Collaborative and helpful. All that one can ask for from PRC counsel.’

Key clients

China Development Bank

China Export-Import Bank

China Export & Credit Insurance Corporation

Industrial and Commercial Bank of China

ICBC International

Bank of Communication

Bank of Beijing

KEB Hana Bank

JOOL Markets AS

Royal Bank of Scotland

Work highlights

  • Advised JOOL as the arranger for a senior secured fixed rate green bond with a nominal amount of up to SEK240m issued by ADVANCED SOLTECH SWEDEN. The bond was issued in several instalments and proceeds were used for solar power projects in China.  This is the first green bond issue for Chinese solar power projects.
  • Advised ICBC International on $100m convertible bonds and term loans to Hezhou Limited Partnership, which is a shareholder of GS Global. It is a pre-IPO finance for the division, restructuring and IPO in Hong Kong of part of Joyoung’s business.
  • Advised BNP Paribas on its finance to Minsheng Financial Leasing on the JOLCO financing of 2 container vessels

DeHeng Law Offices

DeHeng Law Offices is known for acting as lead and PRC counsel for domestic financial institutions on a variety of cross-border financing transactions. The group specialises in acquisition and project finance, as well as credit enforcement strategies and restructuring of loans in default. Zhang Xu is the main partner in Beijing, who focuses on the cross-border work. Zhenghua Wang also plays a leadership role, specialising in the insurance aspects of banking. Sisi Shen has built a practice in shipping and real estate finance.

Practice head(s):

Zhang Xu; Zhenghua Wang

Other key lawyers:

Kai Ma; Shen Sisi; Kai Xui

Testimonials

Professional focus, good service, proficient in business.’

Zhang Xu, Shen Sisi have professional ability and offer superb service.

Key clients

China Development Bank

The Export-Import Bank of China

Industrial and Commercial Bank of China

Nanyang Commercial Bank (China)

Bank of China (Hong Kong)

Agricultural Development Bank of China

BOCOM International

China Construction Bank Corporation

Industrial Bank

Bank of Beijing

ING Bank

China CITIC Bank International

Huatai Financial Holdings (Hong Kong)

Landesbank Baden-Württemberg

China Export & Credit Insurance Corporation

Camel Group

Work highlights

  • Advised China Development Bank on its RMB1.9bn loan extended to China National Nuclear Corporation Capital.
  • Acted as lead counsel and PRC counsel to China Development Bank on its EUR226m debt restructuring.
  • Advised PICC Investment Holdings on its fiduciary duties as trustee of the Juaxing Arts & Cultural Center, in relation to its real estate debt investment plans.

East & Concord Partners

East & Concord Partners' banking and finance team has particular knowledge in compliance and regulatory issues for financial services companies operating in China, including in relation to the establishment and operation of financial institutions, as well as bond issuances and financing projects. The department is led by managing partner Dorothy Xing and includes funds expert Jennifer Zhang.

Practice head(s):

Dorothy Xing

Other key lawyers:

Jennifer Zhang; Shauna Lu

Key clients

China Pacific Insurance (Group)

China CITIC Bank Corporation

CITIC Trust

ZhongAn Online P&C Insurance

SPD Silicon Valley Bank

Beijing Gas Group

Beijing Enterprises Group

China Resources Pharmaceutical Group

Hua Xia Bank

Essence Securities

Founder Financing Services

Cinda Securities

Work highlights

  • Advised Hua Xia Bank on the issuance of $5.7bn unfixed-term capital bonds.
  • Advised on a number of equity investment projects for Beijing Futang Hangxin Fund, among which “Guangda Special Material” and “Amethystum Storage” have been successfully listed on the SSE STAR Market.
  • Advised Qingsong Fund on more than 10 equity investment projects, among which the most prominent is the design of deal structure.

Guantao Law Firm

At Guantao Law Firm, the team assists banking and non-banking institutions, with a range of issues, including equity participation in Chinese banks by foreign banks, the formation of banking institutions, Sino-foreign finance cooperation projects, as well as bond issuances and insurance transactions. The department is led by managing partner Liqiu Lyu, who has expertise in the disposal of non-performing loans, asset securitisations, foreign exchange controls and international financing. Yandi Liu in Dalian focuses on securities matters for financial institutions and emerging companies.

Practice head(s):

Liqiu Lyu

Key clients

China Development Ban

China CITIC Bank

China Life Investment Holding Company

Sunshine Life Insurance

China Export & Credit Insurance Corporation

China Huarong Asset Management

China Great Wall Asset Management

China Fortune International Trust

AVIC TRUST

Hwabao Duding (Shanghai) Financial Leasing Company

Work highlights

  • Advised Bank of Dalian and CR Trust on the LianTai CLO Issuance in 2019.
  • Acting as an independent supervisor of China Life Investment on China Cosco’s shipping debt investment plan
  • Advised China Post Life Insurance on its RMB6bn issuance of capital supplement bonds in 2020

Llinks Law Offices

The banking and finance team at Llinks Law Offices advises local and international banks, borrowers, sponsors and export credit agencies. The team has particular expertise in project finance, and is often called upon to assist with cross-border and multi-currency transactions. Charles Qin leads the team, handling transactional work as well as finance-related arbitrations. Michael Mei's practice involves advising foreign and domestic financial institutions on bilateral and syndicated lending. Elva Yu regularly assists with the development of new financial and asset management products, as well as the establishment of private funds.

Practice head(s):

Charles Qin

Key clients

Shanghai Bonghui Commercial Factoring

Shanghai Pudong Development Bank

Beijing Jingdong Century Trading

Shanghai Electric (Group)

Xiamen International Trade Group

ICBC Financial Assets Investment

Xiamen ITG Group

Tengan Fund Distribution (Shenzhen)

Xiamen International Trade Group

ICBC Financial Assets Investment

Work highlights

  • Advised Beijing Jingdong Century Trading on its 2019 Dongdao First Jingdong Baitiao ABS & ABN project
  • Advised SPDB on its acquisition financing to Luye Pharma Group
  • Advised China CITIC Bank International and China CITIC Bank, Hangzhou Branch on loan facilities of RMB3.1bn to Zhejiang Jinke Culture Industry for the acquisition of ownership and an equity interest in United Luck Group Holdings.