Next Generation Partners

Firms To Watch: Capital markets: PRC firms

Capital markets is a core business area for Sundial Law Firm, which is experienced in offering advice to issuers and underwriters on IPOs on both Chinese and international stock exchanges.
T&C Law Firm provides comprehensive services on both securities financing projects and M&A and restructurings involving listed companies.
Tahota Law Firm‘s capital markets practice frequently advises on domestic and overseas IPOs and listings, in addition to the refinancing and M&A of listed companies.

Capital markets: PRC firms in China

Commerce & Finance Law Offices

Commerce & Finance Law Offices is highly experienced in handling stock issuances, bond issuances and other capital markets transactions for both domestic and international issuers and underwriters. The firm places special emphasis on cross-border transactions and the M&A of large listed companies, especially SOEs, in China. The team’s extensive client base includes Chinese and overseas businesses and financial institutions, including China Merchants Port, Bilibili and the Export-Import Bank of China. The practice is headed by Xin Kong, who routinely advises on listings on domestic and foreign securities markets, Xinyang Zhang and Gang Wu. They are supported by key individuals such as Wei Sun, Si Chen and Xiaoman Zhang.

Practice head(s):

Xin Kong; Xinyang Zhang; Gang Wu

Other key lawyers:

Wei Chen; Xiaoman Zhang; Si Chen


‘The Commerce & Finance Law Firm capital markets team has very good service quality, fast feedback, good business sense and the ability to handle complex affairs. They are familiar with the requirements of the regulatory agencies, and they are also very familiar with the policies and regulations of state-owned enterprises.’

‘The quality of the legal opinions and documents that the Commerce & Finance capital markets team issue is very high. At the same time, they are also very familiar with the situation of our company. The team demonstrated a high degree of professionalism, cooperation and efficiency, which won the recognition of our company’s top management.’

Key clients

SF Holding Co., Ltd.

China Merchants Port Group Co., Ltd.


Sunshine Insurance Group Company Limited

WEILONG Delicious Global Holdings Ltd

Hainan Strait Shipping Co.,LTD

The Export-Import Bank of China

Bilibili Inc.

Shenzhen Bluetrum Technology Co., Ltd.

Chongqing Polycomp International Corp

YH Entertainment Group

BONA Film Group

Hesai Group

GKG Precision Machine Co., Ltd.

GOGOX Holdings Limited

Work highlights

  • Advised Hesai Group on its US$190 million IPO of American depositary shares on Nasdaq.
  • Advised YH Entertainment Group on its IPO on the Hong Kong Stock Exchange.
  • Acted on behalf of the co-sponsors in connection with the introduction and listing of Super Hi International Holdings Limited on the main board of the Hong Kong Stock Exchange.

Fangda Partners

Fangda Partners is a leading firm in the capital markets arena which is widely recognised for its experience in complex, high-profile A-share IPOs, material assets restructurings and public M&A. The firm boasts a strong client base in a variety of sectors, including TMT, healthcare and biotech. In addition to equity, the firm has a strong team which covers the full range of debt securities offerings and related transactions. Leo Lou leads the equity capital markets team in Shanghai, while Xueyan Jiang, Christine Chen and Dong Wu lead the Beijing equity capital markets team, the debt capital markets practice and the asset-backed securities teams, respectively. Jeffrey Ding, who has significant experience of advising international clients, and Michael Qi are also important partners to note, while counsel Helen Zhao provides key support in cross-border matters.

Practice head(s):

Leo Lou; Xueyan Jiang; Christine Chen; Dong Wu

Other key lawyers:

Jeffrey Ding; Helen Zhao; Yan Yan; Zhuan Jiang


‘The Fangda Partners capital markets team is very professional in the industry and can provide customers with quality services.’

‘The team structure is reasonable, and the team members have excellent business, language, and communication skills.’

‘Christine Chen has extensive experience in this field and has assisted our company in completing cutting-edge bond issuance projects. In this project, Chen and her team showed their ability to handle and grasp cutting-edge legal issues and innovative transaction structures.’

‘Professional, cost-effective, and highly cooperative.’

Key clients

InnoCare Pharma Limited

Motorcomm Electronic Technology Co., Ltd.

Hi-trend Technology

Horizon Construction Development Limited

Jiangsu Huachen Transformer Co., Ltd.

KRP Development Holdings Limited

Kingsoft Cloud

Asian Infrastructure Investment Bank

Deutsche Bank Aktiengesellschaft

Hungary (represented by Government Debt Management Agency Private Company Limited by Shares)

BMW China Capital B.V.


China International Capital Co., Ltd.

CITIC Securities Co., Ltd.

Work highlights

  • Advised InnoCare Pharma Limited on its successful listing on the Shanghai Stock Exchange’s STAR Market, raising a total of about RMB2.9 billion.
  • Advised Asian Infrastructure Investment Bank on its first sustainable development bond issuance in China.
  • Advised CITIC Securities Co., Ltd. on the first phase of CITIC Goldstone-China Resources Land Wanxiang C-REIT.

Haiwen & Partners

Haiwen & Partners houses a wide-ranging capital markets practice with experience in domestic and international securities offerings, including IPOs, secondary equity offerings, and all types of debt offerings. The firm’s strong reputation is reflected in its roster of market-leading companies and financial institutions, such as China Mobile, Goldman Sachs and Morgan Stanley. Practice head Wei Gao, who is based in Beijing, is particularly active in public M&A and capital markets transactions involving SOEs. Ning Du also has an excellent record in the M&A and capital markets sphere; he acts for large SOEs and private equity clients.

Practice head(s):

Wei Gao

Other key lawyers:

Ning Du; Lixin Huang; Chensheng Qiu; Yao Wang

Key clients

China Mobile Limited

China Tourism Group Duty Free Corporation Limited

China International Capital Corporation (UK) Limited

Haitong International Securities Company Limited

OneConnect Financial Technology Co. Ltd.

Syngenta Group Co., Ltd.

BMC Medical Co. Ltd.

Credit Suisse (Hong Kong) Limited

Guotai Junan Securities

Model Performance Acquisition Corp.


China International Capital Corporation Hong Kong Securities Limited

Morgan Stanley Asia Limited

Lepuxintai Medical Technology (Shanghai) Co., Ltd.

BNP Paribas Securities (Asia) Limited

Citigroup Global Markets Asia Limited

Clarity Medical Group Holding Limited

CCB International Capital Limited

Lufax Holding Ltd

KK Technology Company Holdings Limited

T.S. Lines Limited

New Ruipeng Pet Group Inc.

Guotai Junan Securities (Hong Kong) Limited

Youlife International Holdings Inc.

Yincheng International

Goldman Sachs (Asia) L.L.C.

China Securities (International) Corporate Finance Company Limited

Work highlights

  • Acted as PRC counsel to China Mobile in connection with the IPO of its RMB ordinary shares and the listing of its RMB ordinary shares on the Shanghai Stock Exchange.
  • Advised CTG Duty-Free on applying for the overseas public offering of H shares and listing on the main board of the Hong Kong Stock Exchange.
  • Acted as PRC counsel to Gotion Hi-Tech Co Ltd on the listing of global depository receipts at an issue price of $30 per GDR.

Han Kun Law Offices

Han Kun Law Offices is well recognised for its experience in handling overseas capital markets transactions for both Chinese issuers and international underwriters, including advising Tencent Music Entertainment Group on its listing on the Hong Kong Stock Exchange. Dafei Chen, who is based in Beijing and Hong Kong, has a wealth of experience in representing large technology, telecoms and financial services clients; Jason Wang and Bing Xue, whose areas of expertise include electronic technology, life sciences and pharmaceuticals, are key contacts in Shenzhen; and Tao Li is a name to note in Hong Kong. Other prominent team members include Charles Li, who has a strong track record in domestic and international capital markets matters, and associate Haoxiang Wang.

Practice head(s):

Dafei Chen; Jason Wang; Bing Xue; Tao Li

Other key lawyers:

Charles Li; Haoxiang Wang


‘The Han Kun capital markets team has excellent partners, many years of practical experience, and works well in groups.’

‘The Han Kun team has comprehensive legal expertise and excellent business thinking. They can provide effective and executable legal advice and solutions to clients’ complex and comprehensive issues. The team works efficiently and always responds quickly to urgent customer needs.’

‘Bing Xue is proficient in domestic capital markets matters, and has solid knowledge of other domestic laws and overseas capital markets. He has excellent legal and business thinking, excellent communication skills, and can quickly understand customers.’

Key clients

J.P. Morgan

Goldman Sachs (Asia) LLC.

Credit Suisse Securities (USA) LLC

UBS Securities Hong Kong Limited

BofA Merrill Lynch


Innovent Biologics


Tencent Music Entertainment Group

NIO Inc.

AsiaInfo Technologies Limited

KE Holdings Inc.

Li Auto Inc.



Work highlights

  • Acted as the PRC counsel for Tencent Music Entertainment Group on its listing by way of introduction on the main board of the Stock Exchange of Hong Kong.
  • Acted as the PRC counsel to KE Holdings Inc., a listed company on the New York Stock Exchange, on its listing by way of introduction on the main board of the Stock Exchange of Hong Kong.
  • Advising NIO Inc. on its listing by way of introduction on the Singapore Exchange.

King & Wood Mallesons

King & Wood Mallesons has a market-leading presence in Chinese capital markets matters, advising prominent multinational companies, financial institutions and Chinese issuers on their A-share, H-share, red chip, ADR and GDR offerings. The firm also assists Chinese issuers and underwriters with their IPOs on various domestic and international stock exchanges. Some of the firm’s most notable clients include China Southern Airlines and Bank of China. In Beijing, Yongliang Zhang is a leading practitioner in the listing of Chinese SOEs and start-ups on domestic and international stock exchanges, while Mulong Gong, Jin Peng and Zheng Su are also notable names. Lixin Wang and Peng Mu are the practice heads in Guangzhou and Shanghai, respectively. Other key contacts include Xiaohong Zhao.

Practice head(s):

Mulong Gong; Yongliang Zhang; Lixin Wang; Ning Zhou; Jin Peng; Peng Mu; Zheng Su

Other key lawyers:

Xiaohong Zhao; Yifeng Jiang; Mingyuang Zhang


‘We have been working with the King & Wood Mallesons team for more than six years. They quickly adapted to the company and its leadership style and ideas and can solve problems from the perspective of customers.’

‘Professional and efficient.’

‘High level of professionalism and understanding of company preferences.’

Key clients

Jiangsu Eastern Shenghong Co., Ltd.

China International Capital Corporation (UK) Limited; China International Capital Corporation Hong Kong Securities Limited

Zhejiang Supcon Technology Co., Ltd.

ZJLD Group Inc

Xiamen Port Holding Group Co., Ltd.

Huatai Securities Co., Ltd.

Huafang Group Inc.

Buyang International Holding Inc

Guotai Junan Capital Limited and Giraffe Capital Limited

Zhejiang Leiya Electronics Co., Ltd.

Mega Genomics Limited

Empyrean Technology Co., Ltd.

Yuanjie Semiconductor Technology Co., Ltd.

Shanxi Jinliu Energy Co., Ltd

Trina Solar Co., Ltd.

Postal Savings Bank of China

China Southern Airlines Limited

China Industrial Securities International Capital Limited

Shandong Xinjufeng Technology Packaging Co., Ltd.

Zhejiang Yunzhongma Co., Ltd.

Fujian South Highway Machinery Co., Ltd.

Enwei Pharmaceutical Co. , Ltd.

Sichuan Qiaoyuan Gas Co., Ltd.

Ningbo Ocean Shipping Co., Ltd

China Great Wall AMC (International) Holdings Company Limited

Bank of China Limited

Guangzhou City Construction & Development Co., Ltd.

Work highlights

  • Advised Jiangsu Eastern Shenghong Co Ltd on its GDR issuance and listing on the SIX Swiss Exchange.
  • Advised ZJLD Group Inc on its listing on the main board of the Hong Kong Stock Exchange.
  • Advised on Keda Industrial’s GDR issuance and listing on the SIX Swiss Exchange.

Zhong Lun Law Firm

Zhong Lun Law Firm offers a strong capital market team which is active in IPOs and has a strong presence in cross-border matters, acting for notable clients including Blackstone Group, Chinese Energy Engineering and Shanghai Yibu. At the head of the practice are Zhoujun Tang, who leads the mainland China capital markets practice and is highly experienced in representing domestic and international clients; William Jia, who is the head of the firm’s Hong Kong and overseas capital markets practice, and specialises in acting as PRC counsel on US and Hong Kong IPOs, as well as other offshore debt and equity offerings; Mingjun Chang; and Xiaodan Guo. Other key individuals to note are Anthony Zhao, Kefeng Li and Roy Zheng, who has expertise in the life sciences, healthcare, TMT and fintech sectors.

Practice head(s):

Mingjun Chang; Zhoujun Tang; Xiaodan Guo; William Jia

Other key lawyers:

Anthony Zhao; Kejun Guo; Roy Zheng; Wenhao Ding; Jingli Mu; Kefeng Li


‘Zhong Lun’s legal services team has rich experience in capital markets.’

Key clients

Blackstone Group

Ascendent Capital Partners

L Catterton Asia

Lightspeed China

SoftBank Vision Fund

Noah Holdings Limited

Princeton Digital Group

Farizon Auto

Shenyang Fortune PRECISION Equipment Co., Ltd.

Range Intelligent Computing Technology Group Co., Ltd.

China Energy Engineering Co., Ltd.

Dongfeng Motor Group Co., Ltd.

Hubei Wanrun New Energy Technology Co., Ltd.

Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd.

Guangzhou Frontop Digital Creative Technology Co., Ltd.

Camelot Electronics Technology Co., Ltd.

Smarter Microelectronics(Guangzhou) Co., Ltd.

Guangzhou Economic & Technological Development Zone State-Owned Assets Investment Corp.

Glory View Technology Co., Ltd.

North Light Venture Capital

Range Intelligent Computing Technology Group Company Limited

Brilliance Shineray Chongqing AUTOMOBILE Co., Ltd.

Dencare (Chongqing) Oral Care Co., Ltd.

Chongqing Hongjiu Fruit Co., Limited

Chongqing E-Pet Technology Co., Ltd.

Chongqing Wuzhou Century Culture Media Co.,Ltd.

Xi’an Tian He Defense Technology Co., Ltd.

Shenghe Resources Holding Co., Ltd.

GCL Energy Lithium Power New Energy Co., Ltd.

Huarong Chemical Co., Ltd.

CITIC Securities Company Limited

KEAF Investments Pets Ltd.

Tianqi Lithium Corporation

New Hope Group Co.,Ltd.

New Hope Liuhe Co., Ltd.

Sichuan Financial Holding Group Co.,Ltd.

China Mobile Equity Fund

China Mobile Investment Holding Co., Ltd.

Unisplendour Corporation

Guoxin Micro

Whirlpool (China) Co., Ltd

Ansteel Group

T.Y. Lin International Ltd.

Eagle Quest International Ltd.

Capcon Limited

Sichuan Qian Li Beoka Medical Technology Co.,ltd.

Qingdao Magene Intelligent Technology Co., Ltd.

AltoBeam Inc.

Shanghai Enflame Technology Co., Ltd.

Shenzhen Jaguar Microsystems Co., Ltd.

TREX Technologies

Shanghai Yibu Semiconductor Ltd.

Arcomicro Ltd.

Redhill Capital

Jadestone Capital

Zhejiang Overseas Chinese Industrial Co., Ltd.

Shanghai Electric Power Co., Ltd.

Work highlights

  • Advised on the IPO of Atour Lifestyle on Nasdaq.
  • Advised Shenyang Fortune Precision Equipment Co. Ltd. on the prospectus for its listing on the STAR Market of the Shanghai Stock Exchange.
  • Advised on the IPO of Guangdong Lvtong New Energy Electric Vehicle Technology Co.

Global Law Office

The Global Law Office capital markets practice is experienced in advising issuers and underwriters concerning both debt and equity capital markets, with a client base that includes international investment banks, multinationals and leading Chinese companies. The team has expertise in a wide range of industries, from TMT, manufacturing, automotive and pharmaceuticals to retail, shipping and infrastructure. The sizeable team, which is based in offices across China, is headed by Jinrong Liu, Xin Zhang, Wei Qin and Wen Li in Beijing, Cheng Li in Shenzhen, and Yu Zhang in Shanghai. Other key names include Haishan Sun, who has notable experience in IPOs on international stock exchanges.

Practice head(s):

Jinrong Liu; Xin Zhang; Wei Qin; Cheng Li; Yu Zhang; Wen Li

Other key lawyers:

Minglang Wang; Haishan Sun; Jihong He


‘The team has a quick response time and can promptly answer the problems encountered in our company’s bond issuances. Since our company has legal service needs in both Shanghai and Beijing, the team has achieved cross-regional work coordination, which is convenient for our company’s business.’

Key clients



SPD Bank

Nanjing Bank

Chang An Bank

Chang An Trust


Zhongrong International Trust Co. Ltd.


Road King Infrastructure Limited

China International Capital Corporation Limited

Lionbridge Financing Leasing (China) Co., Ltd.

LVGEM (China) Real Estate Investment Company Limited

RK Properties

Taikang Asset

Zhongtian My Home Group

Yankuang Group

Huatai Securities Asset Management

Chongho Bridge Microfinance Management Co., Ltd.

Manulife-Sinochem Life Insurance Co. Ltd. (“Manulife-Sinochem”)

Industrial and Commercial Bank of China (“ICBC”)

MCC Construction Group Co., Ltd

China Resources Microelectronics Limited (688396.SH)

MultiMetaverse Inc.

Prime Number Capital, LLC

China International Capital Corporation Limited (CICC)

GuotaiJunan Securities Co., Ltd.

AustAsia Group

Shannon Semiconductor Technology Co., Ltd.(300475.SZ)

China Construction Bank

New Development Bank

Asian Infrastructure Investment Bank

HSBC Bank (China) Company Limited

Beijing Infrastructure Investment Co. Ltd.

ZTO Express (Cayman) Inc.

China Rongtong Resources Development Group Co., Ltd.

Mercedes-Benz International Finance B.V.

China Gas Group

GLP China Holdings Limited

Work highlights

  • Advised MultiMetaVerse Inc. on its de-SPAC merger with Model Performance Acquisition Corp, which is the first de-SPAC transaction closed in 2023 with a China-based company as the target.
  • Advised AustAsia Group on its listing on the Hong Kong Stock Exchange.
  • Advised a client on the first issuance by an overseas multinational enterprise of green panda bonds in China.

Jingtian & Gongcheng

Jingtian & Gongcheng’s capital markets practice is one of the firm’s core areas of expertise and it has a strong record in complex and novel securities listings on various stock exchanges in China and abroad. The firm has a diverse client base in a wide range of industries, including healthcare, finance, technology and cosmetics, among others. The practice is headed by Zhenhua Xiang, who specialises in corporate and securities law. Xiang is supported by a strong team of individuals, including Xiang Gao, whose strengths include capital markets transactions and securities compliance and litigation, Zhengzheng Hu, Xuan Zhou, Yimin Chen and associate Yang Lv.

Practice head(s):

Zhenhua Xiang

Other key lawyers:

Xiang Gao; Zhengzheng Hu; Xuan Zhou; Wenbo Lin; Zejia Chen; Yimin Chen; Yang Lv; Siqi Fu


‘The team members have comprehensive qualities, strong communication skills with clients, and can actively face difficulties. In addition, the team provides legal services in different industries and provides good advice for customers’ business development.’

‘I am very satisfied with the timely and efficient legal services provided by Jingtian & Gongcheng, particularly from Wenbo Lin.’

‘The team at Jingtian & Gongcheng provided good support for our businesses in different jurisdictions, which is very important to our company.’

‘The team has rich experience in the capital markets sector and has rich practical experience in private equity, venture capital, and overseas listing projects. They also provide valuable practical solutions for legal issues.’

‘The members of the team have a solid legal foundation, are serious and responsible, and can respond to project needs in a timely manner. They are also good at solving problems by considering the individual needs of customers in combination with legal regulations, and provide high-quality documents.’

‘They can match our company’s needs in a timely manner and provide us with support from their offices around the world.’

‘The team at Jingtian & Gongcheng are professional, diligent, and have an in-depth understanding of business.’

Key clients

CLSA Limited

Zhongtai International Capital Limited

Holly Futures Co., Ltd.

Guodu Securities Co.,Ltd.

Sany Heavy Truck

BOE Technology Group Co., Ltd.

Chery Automobile Co., Ltd.

Beijing Electronic Zone Investment and Development Co., Ltd.

Qingmu Digital Technology Co., Ltd.

Rayhoo Motor Dies Co., Ltd.

Bethel Automotive Safety Systems Co., Ltd.

Beijing Shougang Co., Ltd. (000959.SZ)

China Merchants Capital Co., Ltd

Fujian Foxit Software Development Co., Ltd(688085. SH)

Sigmastar Tech. Limited

China Resources Gas Investment (China) Co., Ltd

CLSA Limited

Merrill Lynch (Asia Pacific) Limited

Guangdong Ellington Electronic Technology Co., Ltd. (603328. SH)

Ming Yuan Cloud Group Holdings Limited(0909.HK)

Joy Spreader Interactive Technology. Ltd

BMC Medical Co., Ltd.

Logory Logistics Technology Co.,Ltd.

Beauty Farm Medical and Health Industry Inc.

Work highlights

  • Advised AVIC Avionics on its acquisition of and merger with AVIC Electromechanical.
  • Advised Contemporary Amperex Technology Co. Limited on completing the issuance of A-shares of approximately RMB 45 billion.
  • Advised Zhejiang Leapmotor Technology Co., Ltd. on its H-share IPO on the Hong Kong Stock Exchange.


JunHe LLP’s capital markets team has a wealth of experience in advising domestic and international companies from diverse industries on issuing and listing securities, as well as compliance matters. Clients also benefit from the firm’s sizeable network of offices across China, including Shanghai, Beijing, Guangzhou, Shenzhen and Hangzhou. Practice head Yi Wang has over 20 years of experience in capital markets, M&A and private equity matters. Wang is supported by a strong team – among the key contacts are Yongqiang Yu, who is experienced in cross-border bond and equity transactions, and Chunyang Shao.

Practice head(s):

Yi Wang

Other key lawyers:

Chunyang Shao; Tiejun Shi; Yongqiang Yu; Xudong Tao; Jianwei Zhang; Tao Zhang; Ke Zhang


‘The capital markets team at JunHe Law Firm are familiar with the latest regulations, have rich project experience, can quickly grasp key issues, and provide us with efficient and pragmatic solutions.’

‘Jun He Law Firm’s lawyers not only have solid legal literacy and carefully identify and explore legal issues, but they can also do everything independently, consider the client’s commercial demands, and balance the interests of all parties.’

‘The Hangzhou team of JunHe Law Firm is full of talents, and has handled a number of benchmark IPO projects, mergers and acquisitions and restructuring projects in and outside Zhejiang Province.’

Key clients

Kingsoft Cloud Network Technology Co., Ltd

China UnionPay

Access Corporate Group

Brownsmiss Group

Boen Group Co., Ltd

Guangdong Hongda Blasting Co., Ltd

Southern Publishing and Media Co., Ltd

United Faith Auto-Engineering Co., Ltd

Onion Global Limited

E Fund Management Co., Ltd

Work highlights

  • Advised on Atour Hotel’s IPO on Nasdaq.
  • Advised China Merchants Port Holdings on its private offering of A-shares and strategic investment in Ningbo port.
  • Advised InventisBio’s listing on the SSE STAR Market.

Tian Yuan Law Firm

Tian Yuan Law Firm has longstanding experience in capital markets matters. The team frequently assists with domestic A-share listings as well as overseas listing projects in Hong Kong, the United States, Singapore and Europe. The firm caters to clients in a wide range of industries, such as pharmaceuticals, technology, electronics and energy, among others. The practice is headed by Guanxiong Wu, who has extensive expertise in A-share transactions, particularly in the technology space, Yan Liu, who handles domestic and foreign IPOs, and Zhenwu Zhu.

Practice head(s):

Guanxiong Wu; Yan Liu; Zhenwu Zhu

Other key lawyers:

Lihua Wang; Xiaohui Zhu

Key clients

Mingyang Smart Energy Group Co., Ltd.

Beijing Zhongke Jiangnan Information Technology Co., Ltd.

China Three Gorges Corporation Limited

Jiangsu Zhuosheng Microelectronics Co., Ltd.

Shenzhen Lianying Laser Co., Ltd.

Qingdao BAHEAL Pharmaceutical Co., Ltd.

Shenzhen Beiding Jinghui Technology Co., Ltd.

Rock Jiahua Technology Group Co., Ltd.

Beijing Yakang Wanwei Information Technology Co., Ltd.

Century Hengtong Technology Co., Ltd.

Syngenta Group Co., Ltd.

Horizon Construction Development Limited

Kanzhun Limited

Jinmao Property Services Co., Limited

Work highlights

  • Acting as PRC counsel for Syngenta Group on its initial public offering and listing on the STAR Market of the Shanghai Stock Exchange.
  • Acted as the PRC counsel to Horizon Construction Development Limited on its spin-off and separate listing on the main board of the Stock Exchange of Hong Kong.
  • Acted as the PRC counsel for Mingyang Smart Energy Group Co., Ltd. on its issuance of global depositary receipts and listing on the London Stock Exchange.

AllBright Law Offices

The AllBright Law Offices has a broad capital markets practice which is particularly active in advising on A-share IPOs. The firm acts for clients in a wide range of industries, including shipping, healthcare, manufacturing, energy and technology. Guoquan Shen heads the practice and has a long track record of assisting companies with their IPOs of A-shares and B-shares. Additionally, Xiaohong Zhang is an individual to note.

Practice head(s):

Guoquan Shen

Other key lawyers:

Xiaohong Zhang


‘The professionalism of the AllBright capital markets team is excellent. The team fully considers the client’s industry characteristics.’

‘The AllBright team of lawyers is professional, pragmatic and diligent. These are vital qualities for us to choose a firm to ensure smooth communication between the team and our company, which is why we have been cooperating for a long time.’

Key clients

Mei’e (China) Environmental Technology Co., Ltd

Shaoxing SMIC Integrated Circuit Manufacturing Co., Ltd

Atlas Sunshine Power Group Co., Ltd

Chongqing Zhixiang Jintai Biopharmaceutical Co., Ltd

Huaxia Ophthalmology Hospital Group Co., Ltd

Zhongyuan Asset Management Co., Ltd

Shanghai Nanxin Semiconductor Technology Co., Ltd

Shanghai South Model Organism Technology Co., Ltd

Guangdong Saiwei Microelectronics Co., Ltd

Ningbo Ocean Shipping Co., Ltd

Xi’an West Testing Technology Co., Ltd

CITIC Securities Co., Ltd

Guangzhou Guangqi Leasing Co., Ltd

Hunan Construction Engineering Group Co., Ltd

China International Finance Corporation Limited

Guotai Leasing Co., Ltd. and Western Securities Co., Ltd

Shandong Energy Group Co., Ltd

Nanjing Jiangbei New Area Public Holding Group Co., Ltd

Beijing Xingchuang Investment Co., Ltd

Beijing Grandway Law Offices

Beijing Grandway Law Offices offer a wide range of legal services in the capital markets arena, including IPOs, equity incentives, stock exchanges and securities litigation, acting for domestic and international listed and unlisted companies. Led by chief partner Liguo ZhangLin Sun, Rui Zhu and Qi Hu, the team is based across offices in Beijing, Shenzhen, Shanghai, Hangzhou and Hong Kong.

Practice head(s):

Liguo Zhang; Lin Sun; Rui Zhu; Qi Hu

Other key lawyers:

Tao Zhou; Yiran Cao; Changlong Yin; Xiaozhong Fang; Xiaojing Huang


‘The lawyers in Cao Yiran’s legal team consider issues from the client’s perspective and take into account the demands of all parties to provide the company with personalised solutions that can achieve its goals. The lawyers in the team are prudent but not conservative and can keep up with the development of trends of the industry. In the process of providing services to the company, they can fully combine legal, financial, industry and other professional knowledge to provide many valuable suggestions for the company’s standardised operations and compliance operations as a listed company.’

‘High level of professionalism and strong sense of responsibility.’

‘We chose to cooperate based on the lawyers’ professional qualities and the law firm’s reputation.’

Key clients

Cloudwalk Group Co., Ltd.

Ningbo Shanshan Co.,Ltd.

Zhejiang leapmotor Technology Co., Ltd

Changzhou Wujin Zhongrui Electronic Technology Co., Ltd.

Ji’an Mankun Technology Co.

SEICHI Technologies Shenzhen Limited

GuangDong Xinbao Electrical Appliance Holdings Co.,Ltd

Guangzhou Tinci Materials Technology Co.,Ltd

Fujian Kuncai Material Technology Co., Ltd.

Ligao Foods Co., Ltd

Guangdong Shenling Environmental Systmes Co., Ltd


Chengdu Bright Eye Hospital Co., Ltd.

Xinjiang Lixin Energy Co., Ltd.

Capital Securities Corporation Limited

ENN Natural Gas Co., Ltd.

Zhejiang Dahua Technology Co.,Ltd.

Mao Geping Cosmetic Co., Ltd

Jiangsu Changyou Environmental Protection Technology Co., Ltd.

Suzhou Tianmai Thermal Technology Co., Ltd.

Shandong INOV Polyurethane Co.,Ltd.

Guizhou Panjiang Refined Coal Co.,Ltd.

Zhejiang Dingli Machinery Co.,Ltd.

Sineng Electric Co., Ltd.

Shandong Nanshan Fashion SCI-TECH Co., Ltd.

PharmaBlock Sciences (Nanjing) , Inc.

Shenzhen Wenke Gardening Industry Co.,Ltd.

Kunshan Huguang Auto Harness Co., Ltd.

Chengdu Tai He Fang Brewing Co., Ltd.

Zhejiang Weineng Technology Co., Ltd.

Beijing Beeku Culture Co., Ltd.


Jiangsu Tiantongyuan Environmental Protection Equipment Co., Ltd.

Zhejiang Hengyu Biological Technology Co., Ltd.

China Orient Asset Management Co., Ltd.

Teemo Technology Co., Ltd.

Shangyuan Zhixing (Ningbo) Technology Co., Ltd.

Shanghai CS Capital Co., Ltd.

Shanghai Eliansy Industry Group Corporation Limited

Ningbo Huagao Information Technology Co., Ltd.

Zhejiang Huazhou Intelligent Equipment Co., Ltd.

Shenzhen Core Medical Technology Co., Ltd.

Shenzhen Zqgame Co., Ltd.

Ledman Optoelectronic Co., Ltd.

Landai Technology Group Corp., Ltd.

Shenzhen Highpower Technology Co., Ltd.

Dongguan Toya Electronic Technology Co., Ltd.

Shenzhen Archforce Distributed Technology Co., Ltd.

Beijing Xindijia Investment Management Co., Ltd.

Guangdong Huayuan Land Engineering Co., Ltd.

Shenzhen OCT Kangkong Private Equity Fund Management Co., Ltd.

Shenzhen Tenet Silicon System & Technology Limited

Nova Technology Corporation Limited

Shenzhen Yuying Investment Holding Co., Ltd.

Halo Microelectronics Co., Ltd.

Smart Dynamics Co., Ltd.

Guangdong Quanwei Technology Co., Ltd.

Guotai Junan Securities Co., Ltd.

Qingdao Wujiang Technology Co., Ltd.

Shenzhen EN Plus Tech Co., Ltd.

Shenzhen Expressway Corporation Limited

Xiamen Hithium Energy Storage Technology Co., Ltd.

Shenzhen Utimes Automation Equipment Company Limited

Guangdong Seneasy Intelligent Technology Co., Ltd.

China Greatwall SECURITIES Co., Ltd.

WEIli Holdings Limited

Shanghai CTTIC FUND Management Co., Ltd.

Beijing Beeku Culture Co., Ltd.

Zhejiang Weineng Technology Co., Ltd.

Jiangsu Nonghua Intelligent Agriculture Technology Co., Ltd.

Sinolink Securities Co., Ltd.

Chengdu Xiyun Enterprise Management Partnership (Limited Partnership)

Changzhou 3x Motion Technologies Co., Ltd.

Shenzhen Dongben Cheyou Automobile Co., Ltd.

Wuhan Contemporary Hengju Life Service Co., Ltd.

Shenzhen Kangtai Biological Products Co., Ltd.

Zhangjiakou Yuanshi Advanced Materials Co., Ltd.

Zhuhai Nebula Matrix Technology Co., Ltd.

Shenzhen Reexen Technology Liability Company

Nanjing Huadian ENERGY-SAVING & Environmental Protec Tion Equipment Co., Ltd.

Anhui Hanhai New Material Corp.

Shenzhen SinOne Microelectronics Co., Ltd.

Shenzhen Peng’ai Hospital Investment Management Co., Ltd.

Shenzhen Lemu Communication Co., Ltd.

Shenzhen Thinkplus Semiconductor Co., Ltd.

Deji (Shenzhen) Investment Consulting Co., Ltd.

Qingyuan Jinfeng Biological Medicine Co., Ltd.

General Connectivity System Co., Ltd.

Shenzhen Overseas Chinese Town Co., Ltd.

Walvax Biotechnology Co., Ltd.

Shenzhen New Industries Biomedical Engineering Co., Ltd.

Invengo Information Technology Co., Ltd.

Guangshen Railway Company Limited

China Great Wall Securities Co., Ltd.

Shenzhen Yan Tian Port Holdings Co., Ltd.

Chempartner Pharmatech Co., Ltd.

Yidong Electronics Technology Co., Ltd.

Shenzhen SED Industry Co., Ltd.

Nanjing Hanrui Cobalt Co., Ltd.

Shenzhen Dvision Co., Ltd.

Shenzhen Heungkong Holding Co., Ltd.

Crown Advanced Material Co., Ltd.

Shenzhen ESUN Display Co., Ltd.

Chengdu Huasun Technology Group Inc., Ltd.

Jiangsu Nonghua Intelligent Agriculture Technology Co., Ltd.

Shenzhen Energy Group Co., Ltd.

Shenzhen Success Electronics Co., Ltd.

GCH Technology Co., Ltd.

Guangdong Chaohua Technology Co., Ltd.

Konka Group Co., Ltd.

China Merchants Securities Co., Ltd.

TVZone Media Co., Ltd.

OPT Machine Vision Tech Co., Ltd.

Shenzhen Aisidi Co., Ltd.

Dongjiang Environmental Company Limited

Shenzhen King Explorer Science and Technology Corporation

Kennede Electronics MFG. Co., Ltd.

Hengli Industrial Development Group Co., Ltd.

Sichuan Yahua Industrial Group Co., Ltd.

Taihai Manoir Nuclear Equipment Co., Ltd.

SZZT Electronics Co., Ltd.

XDC Industries (Shenzhen) Limited

Shenzhen Jame Technology Corp., Ltd.

Goody Science and Technology Co., Ltd.

CNlight Co., Ltd.

Sichuan Jiuyuan Yinhai Software Co., Ltd.

Shenzhen Yitoa Intelligent Control Co., Ltd.

MYS Group Co., Ltd.

Shenzhen Asia Link Technology Development Co., Ltd.

WG Tech (JiangXi) Co., Ltd.

Shenzhen Cereals Holdings Co., Ltd.

Han’s Laser Technology Industry Group Co., Ltd.

Shenzhen SDG Information Co., Ltd.

Zhuhai Enpower Electric Co., Ltd.

Zhejiang Zhaofeng Mechanical and Electronic Co., Ltd.

Shenzhen Liantronics Co., Ltd.

Xi’an Qujiang Cultural Tourism Co., Ltd.

Shenzhen China Bicycle Company (Holdings) Co., Ltd.

Shahe Industrial Co., Ltd.

Shenzhen Agricultural Products Group Co., Ltd.

Hebei Changshan Biochemical Pharmaceutical Co., Ltd.

Shenzhen Hemei Group Co., Ltd.

Montnets Cloud Technology Group Co., Ltd.

Zhejiang Kingland Pipeline and Technologies Co., Ltd.

Shenzhen Bauing Construction Group Co., Ltd.

Super Telecom Co., Ltd.

Guangdong Golden Glass Technologies Limited

China Hainan Rubber Industry Group Co., Ltd.

Beijing Jetsen Technology Co., Ltd.

Hunan Dezhong Automotive Sales Service Co., Ltd.

Shenzhen Jinjia Group Co., Ltd.

Shenzhen Clou Electronics Co., Ltd.

Surfilter Network Technology Co., Ltd.

Shenzhen Zhongheng Huafa Co., Ltd.

Eternal Asia Supply Chain Management Ltd.

Tibet Mineral Development Co., Ltd.

Zbit Semiconductor, Inc.

Beijing Deep Glint Technology Co., Ltd.


China Geokon Instruments Co., Ltd.

Hengbo HOLDINGS Co., Ltd.

Jiangxi Jovo Energy Co., Ltd.

Bide Pharmatech Co., Ltd.

Linktel Technologies Co., Ltd.

Sunrise Display Micro. (Suzhou) Co., Ltd.

Ningbo Yunsheng Co., Ltd.

SMO clinplus Co.,Ltd.

Avic International Leasing Co.,LTD.

C-lin Electrical Co., Ltd.

Ningbo Fangzheng Automobile Mould Co.,Ltd.

Shenzhen Hai Robotics co.,Ltd.

Ningbo Sinppa Tools Co.,Ltd.

Nanjing Healthnice Pharmaceutical Technology Co., Ltd.

Zhejiang Nurotron Biotechnology Co., Ltd.

Hangzhou Heshun Technology Co., LTD

Work highlights

  • Advised Ningbo Shanshan Co Ltd on the issuance of GDRs and listing on the SIX Swiss Exchange.
  • Advised Zhejiang Leapmotor Technology Co Ltd on its IPO of H-shares and listing on the main board of the Hong Kong Stock Exchange.
  • Advising on the IPO of Capital Securities Co Ltd.

DeHeng Law Offices

DeHeng Law Offices has strong expertise in securities law and regularly advises A-share listed, overseas listed and OTC market companies on initial public offerings, listings, refinancings, M&A and regulatory compliance matters. The team is headed by Jianjun Xu, who has more than 20 years’ experience of advising on IPOs on domestic and overseas stock markets and M&A of listed companies. Xu is supported by a strong team of lawyers, including Zhenguo Liu.

Practice head(s):

Jianjun Xu

Other key lawyers:

Zhenguo Liu; Zhiwei Huo; Yongsheng Tang; Xianan Wang


‘The DeHeng team members have diverse backgrounds, solid expertise, and complementary abilities. They have a broad perspective on the capital markets and good communication skills. They also have rich practical experience in IPOs and project execution capabilities and can provide the most competitive legal services for companies in their issuance and listing.’

‘I have a good impression of DeHeng. The team members are professional and dedicated. They have strong communication and coordination skills, are patient, and have fast a response time.’

‘Professional, timely, and excellent.’

Key clients

CNOOC Limited

GRINM Semiconductor Materials Co., Ltd.

China Railway Harbin Group Of Technology Corporation-3

Beijing SinoHytec Co., Ltd.

Jiangsu Leadmicro Nano Technology Co., Ltd

Shenzhen Highpower Technology Co., Ltd.


Suzhou Kechuan Electronic Technology Co., Ltd.

Tianjin Meiteng Technology Co., Ltd

Huaibei GreenGold Industry Investment Co., Ltd.

Nano Labs

Eve Energy Co., Ltd.

Henan Liliang Diamond Co., Ltd.

State Grid Corporation Of China

China Three Gorges Corporation

Shanghai Ziyan Foods Co., Ltd.

Huatai Securities Company Limited

Great Microwave Technology Co.,Ltd.

Suzhou K-Hiragawa Electronic Technology Co., Ltd.

Suzhou Novo protein Scientific Co.,Ltd.

Anhui Shunyu Water Co. LTD.

Hanbo High-tech Materials (Hefei) Co., LTD.

Xuzhou Zm-besta heavy Steel Structure Co., Ltd.


Yunchuang Zhixing Technology (Suzhou) Co., Ltd.

Highbroad Advanced Material(He Fei)Co., Ltd.

Holly Futures Co., Ltd.

Hangzhou SDIC Microelectronics Inc.

Grandit Co., Ltd.

Sunstone Development Co., Ltd.




Rise Sun Real Estate Development Co.,Ltd

China Guoxin Holding Co., Ltd

Ping An Capital Co. Ltd

Goldstone Investment Co., Ltd.

Xinjiang Baodi Mining Co.,Ltd

Joulwatt Technology Co., Ltd.

Work highlights

  • Represented CNOOC Limited in its initial public offering and listing on the main board of the Shanghai Stock Exchange.
  • Advised Eve Energy Co., Ltd. on its private placement of A-shares.

FenXun Partners

FenXun Partners‘ joint operation platform with Baker McKenzie LLP means it is particularly well equipped to represent international clients. In the capital markets arena, the firm has an experienced team, which specialises in advising Chinese companies on cross-border debt and equity securities offerings, as well as assisting foreign-listed companies with regulatory compliance matters. Managing partner Yingzhe Wang heads the public M&A and capital markets department. Wang is supported by strong practitioners, including Shirley Wang and Stella Hu.

Practice head(s):

Yingzhe Wang

Other key lawyers:

Jianzhao Wang; Stella Hu; Shirley Wang; Yuanding He; Junnan Shi

Key clients

Bank of China

CITIC Securities

Jin Jiang International Holding Company Limited

China International Capital Corporation (CICC)

China Cinda Asset Management Co., Ltd.

Jingdong Century Trading Co., Ltd.

Jingdong Technology Holding Co., Ltd.

China Vanke Co., Ltd.

Ping’an Puhui Financing Guarantee Co., Ltd.

China Life Asset Management Company Limited

Mercedes-Benz Auto Finance Ltd.

Herald International Financial Leasing Co., Ltd.

BMW Automotive Finance (China) Co., Ltd.

Shenzhen Bo Lin Hui Commercial Factoring Co., Ltd.

China Securities Co., Ltd.

Huatai Securities (Shanghai) Asset Management Co., Ltd.

Aeon Insurance Asset Management Company Limited

Shenzhen Pingan Huitong Investment Management Co., Ltd.

Huaneng Guicheng Trust Co., Ltd.

Ping An Asset Management Co., Ltd.

Shanghai Qiyu Information Technology Co., Ltd.

Work highlights

  • Advised Bank of China, as lead underwriter, on the registration and issuance of an asset-backed commercial paper with a financial leasing company as the originator in the China Inter-Bank Bond Market.
  • Advised on the listing of a REIT on the Shanghai Stock Exchange.
  • Acted for the underwriter, China International Capital Corporation, on the listing of Chinese CRO R&G PharmaStudies on the GEM Board of the Shenzhen Stock Exchange.

Kangda Law Firm

Kangda Law Firm has deep experience in capital markets projects including IPOs, and share and bond issuances. The firm excels at assisting clients in a wide range of sectors, from commercial and retail to special equipment manufacturing. The practice is headed by Hua Jiang and Aidong Lou, who has over 30 years of experience in capital markets matters, where she has represented both domestic and international clients.

Practice head(s):

Hua Jiang; Aidong Lou


‘Kangda Law Firm showed excellent professional and execution capabilities in our company’s IPO project, and the project was pushed forward very smoothly.’

Key clients

Keda Industrial Group Co., Ltd.

Xinjiang Zhongtai Chemical Co., Ltd.

COFCO Fortune Holdings Limited

Aerospace Nanhu Electronic Information Technology Co., Ltd.

Hebei Huami New Material Technology Co., Ltd.

Fujian Highton Development Company Limited

Monte Bianco Diamond Applications Co., Ltd.

Chengdu Rich Technology Co., Ltd.

G. Tech Technology Ltd.

Foshan Blue Rocket Electronics Co., Ltd.

Work highlights

  • Acted as domestic counsel to Keda Manufacturing on a GDR issuance project.
  • Assisted Zhongtai Group with successfully issuing the first Shanghai free trade zone offshore bond in the central and western regions.
  • Assisted the core business of COFCO Group, Fulinmen Company, in successfully completing a CNY 21 billion private equity financing.

Llinks Law Offices

Llinks Law Offices has a strong presence in securities issuance projects, including initial public offerings, follow-on offerings, corporate debt and convertible debt offerings. The firm regularly acts as PRC counsel for both Chinese and overseas listing companies. Grant Chen heads the practice; he has 20 years of experience in capital markets and corporate finance. Chen is supported by individuals, such as Christophe Han, who advises on domestic and international listings, and Calista Huang.

Practice head(s):

Grant Chen

Other key lawyers:

Christophe Han; Calista Huang

Key clients

China Molybdenum Co., Ltd.

Xiamen ITG Group Corp.,Ltd.

Gotion High-tech Co., Ltd.

Contemporary Amperex Technology Co., Limited

Unifrax Asia-Pacific Holding Limited

Chipscreen Biosciences

Hongyuan Pharmaceutical Technology Co., Ltd

Suzhou HYC Technology Co.,Ltd

Work highlights

  • Advised Shanghai United Imaging Healthcare Co Ltd on its IPO and listing on the Sci-Tech Innovation Board of the Shanghai Stock Exchange.
  • Advised Gotion Hi-Tech Co Ltd on its GDR offering and listing on the SIX Swiss Exchange.
  • Advised Unifrax Asia-Pacific Holding Limited on its partial tender offer for the shares of Luyang Energy-Saving Materials Co Ltd.

Beijing DaHui Lawyers

Beijing DaHui Lawyers specialises in serving as PRC counsel for issuers and underwriters in equity and debt offerings in the US and Hong Kong. The firm’s advice covers initial public offerings, secondary offerings, bond offerings and private placements. Zheng Zha, who leads the practice from Beijing and New York, has extensive experience in international capital markets transactions involving public companies.

Practice head(s):

Zheng Zha

Other key lawyers:

Julia Dai

Key clients

China Securities


Credit Suisse

Daqo New Energy Corp.

Dragon Pipe Co., Ltd.

Goldman Sachs


J&T Global Express

JinkoSolar Holding Co., Ltd


Kaile Science & Technology

Niu Technologies

Oriza Holdings

Prenetics Limited

Qudian Inc.

Sky Solar Holdings, Ltd.


UP FinTech Holding Limited (Tiger Brokers)

Xinyuan Real Estate Co., Ltd.

Yellow River/JHD


Work highlights

  • Advising Prenetics on all PRC-related issues raised by the SEC during the process of merging with a SPAC and its listing on Nasdaq.
  • Assisted Hi-Trend Technology Shanghai Co Ltd with all the follow-up work for its listing on the Shanghai Stock Exchange.
  • Advised Ideanomics, a Nasdaq-listed company, on issues which arose from its proposal to offer and sell up to 151,500,000 shares.

Dacheng Law Offices

Dacheng Law Offices has particularly strong experience in advising on asset securitisation products, including supply chain finance, PPP project special asset-backed plans, and housing mortgage-backed security. The firm regularly represents large listed companies in cross-border matters. The capital markets practice is headed by Xugang Yu, Shoushuang Li, Xingcheng Fan, Renwen Geng and Emilia Shi.

Practice head(s):

Xugang Yu; Shoushuang Li; Xingcheng Fan; Emilia Shi; Renwen Geng

Other key lawyers:

Xingcheng Fan; Hanlin Wang


‘The team is very courteous and attentive to clients. In addition to handling the project itself, it also provides other legal services and suggestions to provide guidance for the company’s future business development. Good compliance advice, reasonable billing, good at using cutting-edge technology, and strong communication and coordination skills with all intermediaries.’

‘Professionalism, focus on capital markets matters, local lawyers in Chongqing who serve local projects. The team’s advantages include a high degree of cooperation.’

‘Hanlin Wang is promising, professional and responsible. He is very familiar with listing matters and can provide timely suggestions and solutions.’

Key clients

Bzlink Holding Inc.

Golden Sun Education Group.

Deewin Tiaxia Co., Ltd.

Nanjing Lishui Economic and Technological Development Group Co., Ltd.

Bank of Liuzhou Co., Ltd.

Wuxi Huishan State-owned Investment Holding Group Co., Ltd.

Puyang Investment Group Co., Ltd.

XCMG Construction Machinery Co., Ltd.

Sany Heavy Industry Co., Ltd.

Agricultural Bank Of China

China Securities Co., Ltd.

CITIC Securities Co., Ltd.

Baijiayun Group Co., Ltd.

Deewin Tianxia Co., Ltd.

North Long Dragon New Materials Tech Co., Ltd.

Anhui Hongyu Wuzhou Medical Manufacturer Co., Ltd.

Star Plus Legend Holdings Limited

Yong Qi(China)Bicycle Industrial Corp.

Suzhou ExCell Biotechnology Co., Ltd.

Alpha Biopharma Inc

Anji Leasing Co., Ltd

China Construction Bank Co.Ltd. Chongqing Branch

CLP Technology Group Chongqing Sound Optoelectronics Co.Ltd

Chongqing Kansai Paint Co.Ltd

Hechuan District Automobile Industry Service Center

Savills Property Consultants Ltd.

China Automotive Engineering Research Institute Co.Ltd.

China Orient Asset Management Co.Ltd. Chongqing Branch

Chongqing Pharmaceutical Group Co.Ltd.

Chongqing Grain Group Co.Ltd.

Chongqing Qianwei Technology Group Co.Ltd.

China Railway Tower Co.Ltd. Chongqing Branch

Shenzhen Yongyao Investment Fund Management Co.Ltd.

Chongqing Yuxin Pingrui Electronics Co.Ltd.

Caixin Smart Life Service Group Co.Ltd.

Yide (Chongqing) Private Equity Fund Management Co., Ltd

China Merchants Ecological Environmental Protection Technology Co., Ltd.

Huaneng Chongqing Tongliang Energy Sales Co., Ltd.

Chongqing Grain Group

Sichuan Yingang Yitong Camshaft Technology Co., Ltd.

Chongqing Spring Plastic Products Co., Ltd.

Chongqing Tenghai Industry and Trade Co., Ltd.

Chongqing Yongchuan Urban Development Group Co., Ltd.

Chongqing Qianxin New Energy Co., Ltd.

Zybio Inc.

China Merchants Chongqing Communications Technology Research & Design Institute Co., Ltd.

Qiande Biomedical Technology (Chongqing) Co., Ltd.

Luzhou Huixing Investment Group Co., Ltd.

Suining Yucheng Construction Co., Ltd.

Huaneng Chongqing Energy Sales Co., Ltd.

AVIC International Financial Leasing Co., Ltd.

Agricultural Bank of China Financial. Leasing Co., Ltd.

Zhuhai Doumen Da Heng Qin Electronic Co., Ltd.

State-owned Assets Supervision and Administration Commission of Zhuhai

China CITIC Bank Co., Ltd. Zhuhai Branch

Zhuhai Gree Group Co., Ltd.

China Mobile Communications Group Co., Ltd. Zhuhai Branch

China Construction First Group Co., Ltd.

China Construction Fourth Engineering Division Corp. Ltd.

China National Aviation Fuel Group Limited Zhuhai Branch

Namkwong Real Estate Co. Ltd.

Zhuhai Institute of Advanced Technology

Work highlights

  • Advised on the listing of Baijiayun Group Ltd on Nasdaq through the acquisition of Fuwei Films (Holdings) Co Ltd.
  • Advised on North Long Dragon New Materials Tech Co Ltd’s listing on the ChiNext Market of the Shenzhen Stock Exchange.
  • Providing legal services for the IPO of overseas listed shares by Deewin Tiaxia Co Ltd and its listing on the Hong Kong Stock Exchange.

Guantao Law Firm

Guantao Law Firm‘s capital markets specialises in advising issuers and underwriters on company listings in a wide variety of industries, including energy, commodities, engineering and commercial real estate, and also assists with overseas securities regulation. Bo Su, who heads the practice from Beijing, has more than 25 years of experience in the field.

Practice head(s):

Bo Su

Other key lawyers:

Dongying Sun; Yaping Huang; Liguo Cui; Jingmei Hao

Key clients

Bank of Dalian Co., Ltd

Aluminum Corporation of China

Guizhou Zhenhua Fengguang Semiconductor Co., Ltd.

Haitong Securities

DBS Bank Ltd


Haitong Bank

Shenzhen Newway Photomask Making Co., Ltd.

GigaCloud Technology(Suzhou)Co. Ltd.

Zhongran Investment Limited Company

Shenzhen Qianhai Yifang Hengrong Commercial Factoring Co., Ltd.

Xi’an Triangle Defence Incorporated Company

Shanxi Nonferrous Yulin New Materials Group Co., Ltd.

Shenzhen Kinwong Electronic Co.,Ltd.

Shenzhen Ecobeauty Co., Ltd.

Rizhao Transportation Energy Development Group Co. LTD

SuiningTiantai Industrial Co., Ltd.

Work highlights

  • Advised on the issuance of Bank of Dalian Co Ltd 2023 undated additional tier 1 capital bonds.
  • Advised Chalco Group on the issuance of US$600m overseas senior bonds.
  • Assisting Guizhou Zhenhua Fengguang Semiconductor Co Ltd on successfully issuing shares and listing on the STAR Market of the Shanghai Stock Exchange.

Hai Run Law Firm

Hai Run Law Firm advises on a range of capital markets matters, including corporate asset reorganisations, joint-stock system reform, company listings, initial public offerings, share allotment and non-public issuances. The practice is led by Xiaodong Wang from Beijing and Shanghai; he is supported by key contacts Kebin Yan, Shenghuai Zhang and Yushuan Zhu.

Practice head(s):

Xiaodong Wang

Other key lawyers:

Kebin Yan; Shenghuai Zhang; Yushuan Zhu

Key clients

Hwatsing Technology Co., ltd.

Sansec Technology Co., Ltd.


Yongtaiyun Chemical Logistics Co., Ltd.

Dajin Heavy Industry Co., Ltd.

Newonder Special Electric Co., Ltd.

China Tianchen Engineering Corporation

Zhejiang Weigang Technology Co., Ltd.

Jiangxi Sunshine Dairy Co., Ltd.

Beijing Capital Development Co., ltd.

Work highlights

  • Advised Hwatsing Technology Co., Ltd. on its RMB 3.644 billion IPO.
  • Advised Sansec Technology Co., Ltd. on its RMB 1.5 billion IPO, the first SSE STAR Market IPO in the commercial cryptography industry in China.
  • Advised Senton Energy Co., Ltd. on its RMB 800 million IPO.

Jia Yuan Law Offices

Jia Yuan Law Offices has extensive experience in advising Chinese issuers and underwriters on initial public offerings, asset restructurings and investments, handling both domestic and cross-border matters. The capital markets practice fields six teams (with specialisms in A-share matters for SOEs, A-share matters for private enterprises, H-share matters and red-chip matters) from offices in Beijing, Shanghai, Shenzhen, and Hong Kong; these teams are led by Guobao Huang, Jiansheng Yi, Wen Zhang and Liangjuan Wen.

Practice head(s):

Guobao Huang; Jiansheng Yi; Wen Zhang; Liangjuan Wen

Other key lawyers:

Yu Yan; Yangyuan Fu


‘With excellent professionalism, Jia Yuan greatly facilitates the clients’ needs. The capital markets team has good experience in the field of A-shares and Hong Kong stocks in the Chinese market.’

‘Liangjuan Wen has extremely high service quality and excellent professional standards.’

‘Yangyuan Fu is an excellent lawyer. He is very familiar with the listing rules in China and abroad. He also has many years of practical experience in the capital market. He is a very reliable lawyer for comprehensive compliance advice.’

Key clients

China Tourism Group Duty Free Corporation Limited

CALB Co., Ltd.

Mega Health Technology (Beijing) Co., Ltd.

CITIC Securities Co., Ltd.

Hangzhou Tuya Information Technology Co., Ltd.

Asieris Pharmaceuticals Co., Ltd.

Shaanxi Huaqin Technology Industry Co., Ltd.

AVIC (Chengdu) UAS Co., Ltd.

MGI Tech Co., Ltd.

Zhongfu Shenying Carbon Fiber Co., Ltd.

Work highlights

  • Advised as PRC adviser to the sponsor and underwriter of CTG Duty-Free’s successful listing on the Main Board of the Hong Kong Stock Exchange.
  • Assisted CALB Co Ltd on its IPO project.
  • Advised AVIC UAV on its IPO on the Science and Technology Innovation Board.

Jincheng Tongda & Neal

Jincheng Tongda & Neal offers a wide range of services in the capital markets and securities area. The firm provides pre-IPO companies with advice concerning shareholding reform, initial public offerings and applications for listing, both domestically and internationally. Additionally, the firm assists with private placements, as well as advising securities companies, futures companies and investment companies. Yinhong Liu, based in Shenzhen, heads the practice; he is experienced in M&A, reorganisation and listing projects.

Practice head(s):

Yinhong Liu

Other key lawyers:

Xiaodong Zheng; Guohua Wu


We are very satisfied with Jincheng Tongda & Neal’s fast responses to client needs and high-quality legal services. The firm’s areas of expertise are very broad.’

‘The capital markets team carries out in-depth research in the fields of financial management, investment and financing, and related dispute resolution. It has rich experience and has accumulated a large number of high-quality financial institution client resources.’

‘Jincheng Tongda & Neal respond quickly to customer needs, and the quality of legal services is high. Feedback is timely and efficient.’

Key clients

Bank of Communications

Shenzhen Huaqiang Electronic Network Group Co., Ltd.

Vanov Holdings

Beijing Jiuzhouyigui Environmental Technology Co., Ltd.

Shanghai Aopumai Biotechnology Co., Ltd

Luheng Technology Group Co., Ltd.

Huadian Jiangsu Energy Co., Ltd

China Construction Bank

Nanjing Bank Co., Ltd

Beijing Haohan Deep Information Technology Co., Ltd

Zhengzhou Metro Group Co., Ltd

Work highlights

  • Advised Bank of Communications on the issuance of a total of CNY 60 billion of special financial bonds for loans to small and micro enterprises.
  • Advised Huaqiang Electronic Network, a subsidiary of Shenzhen Huaqiang, on receiving approval for an IPO on the Shenzhen Sotck Exchange.
  • Assisted Beijing Jiuzhouyigui Environmental Technology Co Ltd on its listing on the STAR Market of the Shanghai Stock Exchange.

Merits & Tree Law Offices

Merits & Tree Law Offices provides assistance with initial public offerings, M&A and restructurings in the A-share, Hong Kong and US stock spheres. The firm represents clients in both traditional industries (such as chemicals, automotive and real estate) and emerging fields (including pharmaceuticals, life sciences and advanced manufacturing). The practice is led by Tongyun Li, who specialises in securities issuances and listings, as well as corporate restructuring and establishment.

Practice head(s):

Tongyun Li

Other key lawyers:

Ruiming Jiang; Bai Cui; Chao Zheng

Key clients

Jiangsu Xiechang Electronic Technology Co., Ltd.

Wenzhou Yuanfei Pet Toy Products Co., Ltd.

Jiangsu Maysta Chemical Co., Ltd.

Xiamen Solex High-tech Industries Co., Ltd.

Shangji Automation Co., Ltd.


Suzhou Convert SEMICONDUCTOR Co., Ltd.

Qingdao Bellinturf Industrial Co., Ltd.

Jiangyin Jianghua Microelectronics Materials Co., Ltd.

Suzhou Shihua New Material Technology Co., Ltd.

Bondex Supply Chain Management Co., Ltd.

Mega-info Media Co., Ltd.

Zhejiang Zhengte Co., Ltd.

Changzhou Shichuang Energy Co., Ltd.

Longkou Union Chemical Co., Ltd.

Darbond Technology Co., Ltd.

Shandong Kuntai New Material Technology Co., Ltd.

Yantai China PET FOODS Co., Ltd.

Yantai Eddie Precision Machinery Co., Ltd.

Xiamen Yanjan New Material Co., Ltd.

Henan Silane Technology Development Co., Ltd.

Xinjiang Xuefeng Sci-Tech(Group)Co.,Ltd.

Pingdingshan Tianan Coal Mining Co., Ltd.

Harbin Boshi Automation Co., Ltd.

Work highlights

  • Advised Jiangsu Xiechang Technology on its IPO.
  • Advised Yuanfei on its IPO.
  • Advised Maysta Chemical on its non-public offering project.

Shihui Partners

Shihui Partners has considerable expertise in capital markets matters, particularly in initial public offerings in the Chinese A-share, Hong Kong and US markets. Key clients include, for which the firm has handled various overseas and spin-off listings. The practice is led by Jian Zhang, who has a strong record of advising on domestic and overseas securities offerings and listings, and also has significant experience in spin-off listings.

Practice head(s):

Jian Zhang

Other key lawyers:

Daqian Zhang

Key clients

Shanghai MicroPort EP MedTech Co., Ltd.

Edianyun Limited

China International Capital Co., Ltd.

Nanjing Polymer Medical Technology Co., Ltd.

Shengzhuo Intelligent Building Technology Co., Ltd.

TuanChe Limited

Work highlights

  • Advised Shanghai MicroPort EP MedTech Co., Ltd. on its initial public offering on the SSE STAR Market with a financing amount of CNY 1,165.606 million.
  • Advised Edianyun Limited on its initial public offering on the Hong Kong Stock Exchange with a financing amount of HKD 597 million.
  • Advised JINGDONG Industrials, Inc. on its initial public offering on the Hong Kong Stock Exchange.