Firms To Watch: Capital markets: PRC firms

With particular strength in bond issuance matters, Tahota Law Firm‘s capital markets team is a practice to note.  It advises on a full range of bonds-related matters for financial institutions and non-financial enterprises, including corporate bonds, financial bonds, medium-term notes, short-term financing bonds, and SME aggregate bonds.
Zhao Sheng Law Firm have a particular expertise in derivatives, structured products and securitisation matters. Through its joint operation with Linklaters, it regularly advises international banks and financial institutions on their China related matters.

Capital markets: PRC firms in China

Fangda Partners

Fangda Partners is recognised as a market leader in this field, with extensive expertise in both domestic and international equity and debt offerings, acting for issuers and underwriters. The practice handles a number of high-profile A-share IPOs, asset restructurings, and public M&A deals. It also advises on follow-on offerings, H-share convertible issuance and corporate bonds issuance matters. The practice also contains a strong debt team, advising on a full range of debt securities transactions, as well as a structured finance and securitisation team. Leo Lou leads the Shanghai team, whilst Xueyan Jiang leads the Beijing group. Jeffrey Ding has extensive experience in advising multinational corporations and financial institutions in their investments in China, whilst Christine Chen specialises in advising issuers and underwriters on equity and debt securities offerings, including in US markets. Also notable is Dong Wu, who is experienced in corporate finance matters, and counsel Helen Zhao, who focuses on panda bond offerings and other cross-border securities offerings. Founding member Michael Qi is also noted for his extensive expertise in restructuring, IPO listing and follow on offering matters.

Practice head(s):

Leo Lou; Xueyan Jiang

Other key lawyers:

Jeffrey Ding; Christine Chen; Dong Wu; Helen Zhao; Yan Yan; Zhuan Jiang

Testimonials

‘The team is well staffed with lawyers with different seniorities and proficient English language skills. They have abundant experiences in advising bond issuance transactions, communicating with clients with different backgrounds, and are competent to deal with pioneer transaction structures.’

‘Christine Chen has in-depth experience in advising sophisticated international issuers on local law issues. As our trusted legal advisor, Christine provides practical and thoughtful solutions to complicated legal issues, which is immensely helpful to the successful execution of cutting-edge debt offering transactions.’

Key clients

BeiGene, Ltd.

Bank of Ningbo Co., Ltd

XPeng Inc.

Cowealth Medical

Shenwan Hongyuan (H.K.) Limited

Jinmao Services

Huatai United Securities

BMW Finance N.V.

BMW AG

Bank of China Limited

Bank of Communications Co., Ltd. Hong Kong Branch

China Construction Bank (Asia) Corporation Limited

China International Capital Corporation Hong Kong Securities Limited

ICBC International Securities Limited

Merrill Lynch (Asia Pacific) Limited

Citigroup Global Markets Inc.

Crédit Agricole Corporate and Investment Bank

CTBC Bank Co., Ltd.

Deutsche Bank AG

Goldman Sachs (Asia) L.L.C.

J.P. Morgan Securities plc

Mizuho Securities Asia Limited

Standard Chartered Bank

Deutsche Bank AG, London Branch

he Hongkong and Shanghai Banking Corporation Limited

Société Générale

UBS AG Hong Kong Branch

JIC Leasing Company Limited, Xingsheng (BVI) Company Limited

Bank of China Macau Branch

China International Capital Co., Ltd.

Haier Financial Factoring (Chongqing) Co., Ltd.

China Energy Engineering Investment Co., Ltd.

China Construction Third Bureau Group Co., Ltd.

Work highlights

  • Advised BeiGene throughout on its US$3.5 billion (before over-allotment option is fully exercised) initial public offering and listing on the STAR Market.
  • Advised Hungary on its RMB 1 billion the first green sovereign bond offering.
  • Advised China Energy Engineering Investment Co., Ltd. on the project of CICC-China Energy Engineering Investment Wind Power Green ABS (dedicated to carbon neutrality).

Haiwen & Partners

With a dedicated capital markets team, Haiwen & Partners handles range of transactions for Chinese enterprises. It is particularly proficient in the area of securities offerings, acting for a number of domestic and international investment banking firms and issuers. It also advises on IPOs, secondary equity offerings, debt offerings, and related restructuring projects. The team is led by Wei Gao, who has particular expertise in public M&A transactions and state-owned assets regulation. Ning Du is experienced in advising state-owned companies and private equity firms, whilst Lixin Huang specialises in shares and bond issuance matters. Chensheng Qiu recently joined from Fangda Partners.

Practice head(s):

Wei Gao

Other key lawyers:

Ning Du; Lixin Huang; Chensheng Qiu; Yao Wang

Testimonials

‘They are familiar with C-REIT business and able to give professional advice.’

‘Yao Wang is innovative.’

Key clients

China Mobile Limited

CHINA TELECOM

Kuaishou Technology

Merrill Lynch (Asia Pacific) Limited

CLSA Capital Markets Limited

Goldman Sachs (Asia) L.L.C.

China Huarong Asset Management Co., Ltd.

JP Morgan Securities (China) Co., Ltd.

China Tourism Group Duty Free Corporation Limited

BofA Securities, Inc.

Haitong International Securities Company Limited

Goldman Sachs (Asia) LLC

China International Capital Corporation Hong Kong Securities Co., Ltd.

Credit Suisse (Hong Kong) Limited

Work highlights

  • Acted as PRC legal counsel to China Mobile Limited in connection with its initial public offering of its RMB ordinary shares and the listing of its RMB ordinary shares on the Shanghai Stock Exchange.
  • Acted as the issuer’s legal advisor in relation to China Telecom’s initial public offering of A shares, which was listed on the main board of the Shanghai Stock Exchange.
  • Assisted China Huarong Asset Management Co., Ltd. to successfully complete regulatory approval, corporate governance procedures, information disclosure, transaction document preparation, negotiation and delivery assistance in a short period of time.

Han Kun Law Offices

Han Kun Law Offices’s expertise spans the capital markets space, with the team regularly representing both Chinese issuers and international underwriters on overseas capital markets transactions. It is also well regarded for its IPOs practice, having acted on multiple high-profile companies’ deals in recent years, as well as on follow-on equity and debt offering matters. The team is co-led by Dafei Chen, who splits his time between Beijing and Hong Kong, and Jason Wang and Bing Xue, who are both based in Shenzhen. Notable practitioners include Charles Li, who has significant experience advising on cross-border transactions across a wide variety of industries, and Yijun Chao who has onshore and offshore securities issuances and listing expertise. Jin Wang specialises in offshore public offerings, M&As, and foreign investment, whilst associate Haoxiang Wang has experience advising on listings on mainland China, Hong Kong and US stock exchanges.

Practice head(s):

Dafei Chen; Jason Wang; Bing Xue; Tao Li

Other key lawyers:

Charles Li; Yijun Chao; Jin Wang; Haoxiang Wang; Zaiguang Lu

Testimonials

‘Han Kun are able to work on projects that involve cross-border elements and require Chinese lawyers to work together with foreign lawyers and underwriters to complete them.’

‘The team is professional, efficient, quick to provide feedback, fully understands the client’s company and the key aspects of the project. They are able to propose practical and effective solutions, delivering high quality work on each project under a very tight schedule.’

Zaiguang Lu is very talented, has a legal mind and has very good business sense. He is a go-to lawyer who can always provide very good professional advice.’

Key clients

J.P. Morgan

Goldman Sachs (Asia) LLC.

Credit Suisse Securities (USA) LLC

UBS Securities Hong Kong Limited

BofA Merrill Lynch

Meituan

Innovent Biologics

iQIYI

Tencent Music Entertainment Group

NIO Inc.

AsiaInfo Technologies Limited

KE Holdings Inc.

Li Auto Inc.

Zhihu

Autohome

Work highlights

  • Advised NIO Inc. on its at-the-market offering of US$2 billion ADSs and later listing by way of introduction in Hong Kong and Singapore.
  • Advised and acted as the PRC counsel to Li Auto Inc., a listed company on the Nasdaq Global Market on its listing on the Main Board of The Stock Exchange of Hong Kong Limited.
  • Advised New York-listed Chinese online platform KE Holdings Inc. on its listing by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited.

King & Wood Mallesons

Through its global network, King & Wood Mallesons are able to offer an enviable capital markets practice. It is continually entrusted to advise multinational companies, financial institutions and Chinese issuers on transactions spanning a variety of sectors. It also represents Chinese issuers and underwriters on both domestic and cross-border securities transactions, including IPOs on the Shanghai, Singapore, New York, NASDAQ, and Frankfurt stock exchanges. Mulong Gong, Yongliang Zhang, Ning Zhou and Jin Peng co-lead the practice from Beijing, whilst Lixin Wang manages the Guangzhou office. Zheng Su’s practice focuses on securities and M&As, whilst Xiaohong Zhao provides additional expertise in public and private placements of debt and equity securities.

Practice head(s):

Mulong Gong; Yongliang Zhang; Ning Zhou; Jin Peng; Lixin Wang

Other key lawyers:

Zheng Su; Xiaohong Zhao; Yifeng Jiang; Mingyuang Zhang

Testimonials

‘King & Wood Mallesons’ reputation is well-known. The team members are highly professional, they provide constructive advice on difficulties encountered in different projects, and still meet the tight deadlines of the projects.’

‘Yongliang Zhang, Yanyan Song,  Yangguang Dong are professional and efficient. They can provide clients with effective solutions to specific problems, especially those involving Chinese law.’

‘Strong team, rich experience, honest and responsible.’

‘The team’s specialty business is capital markets. They provide high-quality and comprehensive legal services, and the team is able to fully understand clients’ business intentions and provide legal service solutions that match their business strategy.’

‘Mingyuan Zhang,  Lei Yao, and Shunxiang Lu have professional first-class securities knowledge, and the team can make full use of their global network to provide customers with a full range of high-quality services.’

‘The firm provides a quick response with meticulous work. They are proactive and highly professional, but remain flexible.’

Jianli Wen and Quan Li are recommended. They have rich economic and legal knowledge, and they use easy-to-understand expressions as much as possible in order to explain and demonstrate various legal logics at the project level.’

‘KWM has made a lot of exploration and investment in the field of legal science and technology, which has greatly improved legal services and efficiency.’

Key clients

China International Capital Corporation Limited

CSC Financial Co., Ltd.

CITIC Securities Company Limited

Baidu, Inc.

SenseTime Group Inc.

Goldman Sachs and CICC

ACM Research (Shanghai), Inc.

Nafine Chemical Industry Group Co., Ltd.

ZJMI Environmental Energy Co., Ltd.

China Longyuan Power Group Corporation Limited

Work highlights

  • Advised on A-share listing of China Telecom.
  • Advised on A-share listing of China Mobile.
  • Advised on Sensetime’s listing on the main board of the Hong Kong Stock Exchange.

Zhong Lun Law Firm

Zhong Lun Law Firm has a strong reputation across both debt and equity capital markets, remaining extremely active with respect to domestic IPOs, M&As, refinancing and restructuring of listed companies, and other securities mandates. The practice is equally adept at overseas matters, particularly in Hong Kong, though it is also active on other international stock exchanges, including in Canada, Australia, and Europe. The leadership team is formed by Mingjun Chang, Zhoujun Tang, and Xiaodan Guo. Kefeng Li continues to be noted as a key practitioner, alongside Anthony Qiao, who has a strong reputation advising on deals in cutting-edge sectors, and Kejun Guo, who is experienced in both domestic and cross-border transactions. Associates Roy Zheng and Wenhao Ding are both qualified lawyers in mainland China and New York.

Practice head(s):

Mingjun Chang; Zhoujun Tang; Xiaodan Guo; William Jia

Other key lawyers:

Anthony Qiao; Kejun Guo; Roy Zheng; Wenhao Ding; Jingli Mu

Testimonials

‘Pragmatic, professional, and reasonable costs.’

‘Xiong Li and Zhuo Wang are outstanding.’

‘The legal services provided cover the entire industry chain of capital market legal services, including domestic and overseas listings, private equity funds, investment and mergers and acquisitions, and restructuring and refinancing.’

‘Kejun Guo has profound legal knowledge and rich practical experience. He is widely acclaimed in the capital market field.’

‘Yongchao Liu is able to efficiently assist the client’s company in completing multiple investment projects, providing professional and trustworthy legal services.’

‘Zhoujun Tang’s team of lawyers has been deeply involved in capital market business for many years, and all have rich practical experience and a high work enthusiasm.’

‘Capital markets is a traditional strength of Zhong Lun Law Firm. They have a professional team of lawyers, mastery of relevant business knowledge, work efficiently, and provide feedback in a timely manner.’

‘Zhoujun Tang is one of the few lawyers who can start from the perspective of the clients and their business. He balances business considerations and compliance requirements from an overall perspective, and is aware of the dynamics of the capital market so that his recommendations closely follow the development trends of policies in the market.’

Key clients

Anhui Chaoyue Environmental Protection Technology Co., Ltd.

Anhui Gujing Distillery Company Limited

Ascendent Capital Partners

Beijing Airdoc Technology Co., Ltd.

Beijing Konruns pharmaceutical Co., Ltd

Beijing Liuhe Fund Management Co., Ltd.

Beijing Longpan Investment Management Consulting Center

Blackstone Group

Careray Digital Medical Technology Co., Ltd

CEC-CICC (Xiamen) Electronic Industry Private Equity Investment Management Co., Ltd.

China Datang Corporation Renewable Power Co., Limited

China Merchants Expressway Network Technology Holdings Co., Ltd.

China Publishing & Media Holdings Co., Ltd

China Southern Power Grid Digital Power Grid Research Institute Co., Ltd.

China Three Gorges Renewables (Group) Co., Ltd.

CHONGQING HONGJIU FRUIT CO.,LTD

CMG-SDIC Capital Co., Ltd.

Dakewe Biotech Co., Ltd.

DENCARE (Chongqing) ORAL CARE CO.,LTD.

Dizal (Jiangsu) Pharmaceutical Co., Ltd.

Estun Automation Co., Ltd.

Everdisplay Optronics (Shanghai) Co., Ltd.

Galaxycore Inc.

GalaxyCore Inc.

Glory View Technology Co., Ltd.

Gree Electric Appliances,Inc.of Zhuhai

Guangdong Shunkong Development Co., Ltd.

Guangzhou Development Zone Zhizao Industry Investment Co., Ltd.

Guoshou Health Industry Investment Co., Ltd.

Haier Smart Home Co., Ltd.

Huihua Fund Management Co., Ltd.

IDG Capital

Jiangsu Recbio Technology Co., Ltd.

Jinshi Investment Co., Ltd.

Kingdee International Software Group Company Limited

Kunlun Energy Company Limited

L Catterton Asia

LENOVO GROUP LIMITED

Liaoning He Eye Hospital Group Co., Ltd.

Lightspeed China

Luoyang Xinqianglian Slewing Bearings Co., Ltd.

Nantong Xingqiu Graphite Co., Ltd.

Ningbo Borine Electric Appliance Co., Ltd.

Northern Light Venture Capital

Novogene Co., Ltd.

PICC Capital Equity Investment Co., Ltd.

Rizhao Xingye Auto Parts Co., Ltd.

Runben Biotechnology Co., Ltd.

SenceTime Group

Shandong Gold Mining Co., Ltd.

Shanghai Electric Power Co., Ltd.

Shanghai Hanyu Medical Technology Co., Ltd.

Shanghai Precise Packaging Co., Ltd.

Sinopec Oilfield Equipment Corporation

Smarter Microelectronics (Guangzhou) Co., Ltd.

Wuhan Hiteck Biological Pharma Co., Ltd.

Wuzhou Dongtai State Owned Assets Management Co., Ltd.

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

Xiamen Sunrise wheel Group Co., Ltd

Xinjiang Korla Pear Co., Ltd.

Zepp Health Corporation

Zhejiang Xinzhonggang Thermal Power Co., Ltd.

Work highlights

  • Advised China Three Gorges Renewables (Group) Co., Ltd. on its IPO on the Main Board of Shanghai Stock Exchange.
  • Advised GalaxyCore Inc. on its IPO on the STAR Market of Shanghai Stock Exchange.
  • Advised GalaxyCore Inc. on its IPO on the STAR Market of Shanghai Stock Exchange.

Commerce & Finance Law Offices

Commerce & Finance Law Offices offers a particular niche in overseas capital markets, advising international investment banks, funds, and financial institutions, as well as Chinese companies in overseas capital markets, and foreign companies with investment interests in China. It advises on a variety of matters, including IPOs, refinancing, offering of bonds, and acquisition of Chinese companies by foreign companies. Xin Kong has a strong reputation in this field, regularly advising on listing and financing projects for both Chinese and foreign companies, as well as on bond issuance and investment matters. Xinyang Zhang‘s practice focuses on China’s new economy industry, whilst Gang Wu specialises in domestic and overseas listing and M&A matters.

Practice head(s):

Xin Kong; Xinyang Zhang; Gang Wu

Other key lawyers:

Wei Chen; Xiaoman Zhang

Testimonials

‘High quality work and strong initiative.’

‘They have outstanding expertise in the field of capital market law and provide excellent professional services. The fee for the team is reasonable, and the service response is fast and efficient.’

‘Wei Chen and Fei Su provide outstanding services and are willing to maintain long-term cooperation.’

‘Xiaoman Zhang’s team handle many large and complex investment and financing M&A projects. The team has strong professionalism, extensive legal knowledge, reasonable fees, and provide good support for communication with customers.’

‘Guo Xu and Bin Minqi are diligent and conscientious in providing professional services to clients, and they take the initiative to provide alternative solutions for clients to choose from.’

‘The Commerce & Finance capital markets team has always had a good reputation. The partners and lawyers are impressive in terms of work execution details and key issues. The overall work style is very pragmatic and down-to-earth, and in addition to having strong professional strength, it is also very familiar with legal rules and regulatory policies.’

‘The team can accurately understand clients’ needs, and can start from the company’s point of view.’

‘Gang Wu and Min Yang both have rich practical experience in the field of capital markets. On major and difficult issues, they provide clear, practical and direct advice. They are also excellent lawyers in the industry who truly have a business perspective, combining legal rules and regulatory policies to serve clients’ best interests.’

Key clients

Kuaishou Technology

Bilibili Inc.

The Export-Import Bank of China

Yunnan Branch of Agricultural Bank of China

Guizhou Branch of Agricultural Bank of China

Morgan Stanley Asia Limited

J.P. Morgan Securities (Far East) Limited

Weichai Power Co., Ltd.

China Merchants Port Group Co., Ltd.

STATE GRID

Hongta Securities Co., Ltd.

China International Capital Corporation Limited

SF Holding Investment Limited & S.F. Holding Co., Ltd.

GOLDMAN SACHS (ASIA) L.L.C.

Trip.com Group Limited

Linklogis Inc.

Kaisa Group Holdings Limited

Haitong International Securities Group Limited

State Grid International Development Limited

Airstar Digits

CNHTC Jinan Truck Co.,Ltd.

China International Capital Corporation Hong Kong Securities Limited

AAC Technologies Holdings Inc.

GUANGZHOU PORT COMPANY LIMITED

China Eastern Air Logistics Co., Ltd.

Helens International Holdings Company Limited

LianBio

China Great Wall Securities

Industrial and Commercial Bank of China Limited

Shenzhen Qianhai Pingyu Commercial Factoring Co., Ltd.

Shinsun Holdings (Group) Co., Ltd.

CCB International (Holdings) Limited

Hangzhou Alltest Biotech Co., Ltd.

Helenbergh China Holdings Limited

Chaoju Eye Care Holdings Limited

Zhixiang Technology (Shanghai) Co., Ltd.

Amass Global Network Group Co., Ltd.

Acotec Scientific Holdings Limited

Beijing Airdoc Technology Co., Ltd.

Zhaoke Ophthalmology Limited

COSCO SHIPPING Ports Limited

Zhejiang Baron (BVI) Company Limited

Acotec Scientific Holdings Limited

CMG Media Convergence Industry Investment Fund

Shenzhen Hongzhou Xingtai Commercial Factoring Co., Ltd.

Strawbear Entertainment Group

Sunkwan Properties Group Limited

Central China Management Company Ltd.

ESR Cayman Limited

Beijing Infosec Technologies. Co. Ltd.

Arrail Group Limited

Shanghai Bio-heart Biological Technology Co., Ltd.

China Everbright Capital Limited

Landsea Green Life Service Company Limited.

Work highlights

  • Adivsed Kuaishou Technology’s US$5.4 billion Hong Kong IPO and Listing.
  • Advised Bilibili on the completed issuance of $1.4 billion convertible bonds.
  • Advised BiliBili Inc. on the successful listing on the main board of the stock exchange of Hong Kong for the second time.

Global Law Office

The capital markets team at Global Law Office offers a broad range of expertise, advising underwriters and issuers in both debt and equity capital markets, including on domestic and international IPOs and bonds, securitisation, and structured finance matters. Its expertise spans a range of industries, including TMT, manufacturing, healthcare, financial services, and infrastructure. The practice is co-led by Jinrong Liu, Xin Zhang, Wei Qin and Wen Li from Beijing, Yu Zhang from Shanghai, and Cheng Li from Shenzen. Minglang Wang has expertise in domestic and overseas bond and debt issuances, whilst Haishan Sun is notable for his experience in international stock exchanges, including the New York Stock Exchange, NASDAQ, and the Hong Kong Stock Exchange.

Practice head(s):

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

Other key lawyers:

Minglang Wang; Haishan Sun; Jihong He

Key clients

China Resources Microelectronics Limited

China Construction Bank

New Development Bank

China Bond Insurance Co., Ltd.

Beijing Infrastructure Investment Co. Ltd

FUJIAN YANGO GROUP CO., LTD

ZTO Express (Cayman) Inc.

Road King Infrastructure Limited

FINELANDSERVICE

New Oriental Education& Technology Group Inc.

China Rongtong Resources Development Group Co., Ltd

ABC

CDB

SPD Bank

Nanjing Bank

Chang An Bank

Chang An Trust

CMS

Zhongrong International Trust Co. Ltd.

Citics

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

Work highlights

  • Advised Nayuki Holdings Limited listing on the main board of the Stock Exchange of Hong Kong. The first listed company operates freshly-made tea shops.
  • Advised on the private placement of CR MICRO on the Star Market. This is the first case in Chinese capital markets in which a red chip architecture company directly issued A stocks and lists in domestic China.
  • Advised Daimler International Finance B.V. on the successful issuance of its panda bonds under the debt financing instruments universal registration mode.

Grandall Law Firm

Grandall Law Firm are well regarded in the field of capital markets, advising a number of domestic companies in the Shanghai-Shenzhen-North Stock Exchange and Beijing Stock Exchange, as well as overseas enterprises in the Hong Kong Stock Exchange. The team is particularly experienced in A-share listings, domestic and overseas stock IPOs, equity and bond financing, and major asset restructuring projects. The team is led by Wei Liu, who has a particular specialism in matters relating to shares issuing and listing on the Singapore Stock Exchange. Also to note is Qiang Li, who in recent years has been focusing on new economy industries, such as integrated circuits.

Practice head(s):

Wei Liu

Other key lawyers:

Qiang Li; Jianjun Guan

Key clients

National Silicon Industry Group Co., Ltd.

Tibet Duo Rui Pharmaceutical Co., Ltd.

Shanghai Kaytune Industrial Co., Ltd.

HANGZHOU MDK OPTO ELECTRONICS CO., LTD

Zhejiang Sunriver Culture Co., Ltd

Nantong Haixing Electronics Co., Ltd.

Fujian Cosunter Pharmaceutical Co., Ltd.

Shenzhen Gas Corporation Ltd.

Anhui Huaren Health Pharmaceutical Co., Ltd.

Ningbo Haishu Development and Construction Investment (Group) Co., Ltd.

Changguang Satellite Technology Co. Ltd.

Shanghai Jushri Technologies Inc.

eHi Car Services Limited

Shanghai International Group

Tianjin Urban Infrastructure Construction Investment Group Co., Ltd

Aksu Regional Green Industrial Development Co., Ltd

Jingtian & Gongcheng

Capital markets is a core practice area at Jingtian & Gongcheng, and as a result it is well regarded for its expertise across both equity and debt capital market fields. It regularly acts for issuers and underwriters, and is particularly active in advising on complex securities transactions listed on international stock exchanges in Europe, the US, Australia, and across China. Practice head Zhenhua Xiang has extensive experience across the field, including on IPO, M&A, foreign investment, overseas financing, and state-owned assets management matters. The team is supported by Xiang Gao, who has particular expertise in corporation restructuring, IPOs, and bond issuance projects, as well as Zhengzheng Hu, whose projects span a range of industries, including healthcare, TMT, sports, and new energy.

Practice head(s):

Zhenhua Xiang

Other key lawyers:

Xiang Gao; Zhengzheng Hu; Xuan Zhou; Wenbo Lin; Zejia Chen

Key clients

ANE (CAYMAN) INC.

Trip.com Group

Yuexiu Services Group Limited

Nayuki Holdings Limited

JL MAG Rare-Earth Co., Ltd.

Cloud Village Inc.

Yonghe Medical Group Co., Ltd.

Zhihu Inc.

Helens International Holdings Company Limited

BOE Technology Group Co., Ltd.

Hangzhou Graffiti Technology Co., Ltd.

Dingdong (Cayman) Limited

Chengdu Communications Investment Group Co., Ltd.

Haidilao International Holdings Co., Ltd.

Bank Of China Limited

Huawei Investment & Holding Co., Ltd.

Shenzhen Municipal People’s Government

Guotai Junan Securities Co., Ltd.

Trans-China Automotive Holdings Limited

First High-School Education Group Co., Ltd.

Jinmao Property Services Co., Limited

Everjoy Services Company Limited

China DHgate Group Limited

SinoCell Tech

Desun Real Estate Investment Services Group Co., Ltd.

LEPU Scientech Medical Technology (Shanghai) Co., Ltd.

Gaush Meditech Ltd

Beijing Yuanxin Technology Group Co., Ltd.

Nanjing ShengHang Shipping Co., Ltd.

Q Technology (Group) Co., Ltd.

Nanjing Pharmaceutical Co.,Ltd.

Tianshui Huatian Technology Co., Ltd.

Hubei Century Network Technology Inc.

AIM Vaccine Co., Ltd.

Beijing Percutek Therapeutics Co., Ltd.

Jing-Jin Electric Technologies Co., Ltd

Chemclin Diagnostics Corporation

Sirnaomics Ltd.

RLX Technology Inc.

Hongcheng Environmental Technology Company Limited

Yuexiu Service Group Limited

Tianli Education International Holdings Limited

Sichuan Energy Investment Development Co., Ltd.

MINISO Group Holding Limited

Kindstar Gobal Gene Technology, Inc

Medbanks Health Technology Co., Ltd.

Logory Logistics Technology Co., Ltd.

KK Technology Company Holdings Limited

Linmon Media Limited

Missfresh Ltd

Fujian Foxit Software Development Co., Ltd

Ming Yuan Cloud Group Holdings Limited

Joy Spreader Group Inc.

CLSA Limited

Merrill Lynch (Asia Pacific) Limited

China Resources Gas Investment (China) Co., Ltd.

Ellington Investments Limited

Chengdu JOUAV Automation Tech Co., Ltd.

UJU Holding Limited

GUOTAI EPOINT SOFTWARE CO., LTD.

Guangxi University of Foreign Languages

IMEIK Technology Development Co., LTD

DOWELL SERVICE GROUP CO. LIMITED

SFC Holdings Co., Ltd.

E-STAR COMMERCIAL MANAGEMENT COMPANY LIMITED

Ling Yue Services Group Limited

Kangqiao Service Group Limited

Qingmu Digital Technology Co., Ltd.

CCID Consulting Company Limited

Tongkun Group Co., Ltd.

Powerlong Real Estate Holdings Limited

Shanghai AWINIC Technology Co., Ltd.

Actions Technology Co., Ltd

Morimatsu International Holdings Company Limited

Huitongda Network Co., Ltd.

Legend Biotech Corporation

Sinohealth Holdings Limited

Laowang Holding Limited

Shinsun Lifestyle Services Group Limited

ERA JADE MEDIA LIMITED

China Dental Medical Group Co., Ltd

Shouyao Holdings (Beijing) Co., LTD.

Country Garden Holdings Company Limited

GOME Retail Holdings Limited

Dingdang Kuaiyao Technology Group Co., Ltd.

Hebei Huatong Cable Group Co., Ltd.

Shenzhen Aoni Electronics Co., Ltd.

Shenyang Sinqi Ophthalmic Medications Holdings Co., Ltd

Central China Real Estate Limited

Zhongliang Holdings Group Company Limited

HOPE EDUCATION GROUP CO., LTD.

BrightGene Bio-Medical Technology Co., Ltd.

Chengdu Xingcheng Investment Group Co.,ltd.

Finland Real Estate Development Co. Ltd.

Huainan Construction Development Holdings Co., Ltd.

China Electronics Technology Group Corporation

Zhe Jiang TaiHua New Material Co., Ltd.

Bethel Automotive Safety Systems Co., Ltd

Agile Group Holdings Limited

AVIC International Finance & Investment Limited

SCI (HK) Development Limited

GLP China Holdings Limited

Shandong Caijin Investment Co., Ltd.

China Hongqiao Group Limited

Shenzhen Expressway Corporation Limited

Beijing Capital Development Holding (Group) Co., Ltd.

Foxconn Industrial Internet Co., Ltd.

Industrial And Commercial Bank Of China Limited

Agile Group Holdings Limited

JY Grandmark Holdings Limited

KWG Group Holdings Limited

Beijing Shougang Co., Ltd.

Zhengzhou Qianwei Yangchu Food Co., Ltd.

Avic Jonhon Optronic Technology Co., Ltd.

China Kepei Education Group Limited

China International Capital Corporation Limited

J.P. Morgan

Goldman Sachs

Jinxin Fertility Group Limited

Zhican International Group Limited

Sichuan Expressway Company Limited

Sinopec Group Capital Co., Ltd.

Himalaya Capital

Heliconia Capital Management Pte. Ltd.

IDG Capital

Jiangsu Jiequan Guoxin New Resources Industry Investment Fund Partnership

Hangzhou XinFengwei Internet Technology Co., Ltd

Beijing Daodiguowei Internet Technology Co., Ltd

Nanjing Huimu Information Technology Co., Ltd.

Credit Suisse

Shanghai Beyond Science Co., Ltd

Work highlights

  • Advised on Trip.com Group’s Secondary Listing in Hong Kong.
  • Acted as the sponsors’ PRC legal counsel on JL MAG’s HK$4.045 billion IPO in Hong Kong.
  • Assisting Xiaomi Communications Co., Ltd. in the first issue of technology innovation short-term corporate bonds.

JunHe LLP

JunHe LLP offers a one-stop service for their clients, advising on a broad array of expertise in the securities and capital markets fields, from corporate structure, to issuing and listing securities and asset financing, to M&A and asset reorganisations. The firm operates out of offices across China, as well as in Hong Kong and New York, which allows for it to undertake listings on the Hong Kong Stock Exchange and New York Stock Exchange. Chunyang Shao specialises in corporate, foreign investment, real estate, securities and project finance projects. Tiejun Shi has particular expertise in high-tech industries, whilst Yongqiang Yu handles a number of securities and M&A transactions. Yi Wang heads the capital market department.

Practice head(s):

Yi Wang

Other key lawyers:

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

Testimonials

‘It is a standout team, they are good at communication, coordination, and have an innovative spirit.’

‘Ke Zhang has outstanding professional ethics and strong professional skills, and can serve customers wholeheartedly.’

Key clients

Bank of China

Goldman Sachs

Bank of America Merrill Lynch

J.M. Morgan

Morgan Stanley

China Railway Construction Heavy Industry Corporation

Shanghai Rural Commercial Bank

COFCO

NetEase

BeiGene

Work highlights

  • Advised XPeng Inc. in its main board listing on the Hong Kong Stock Exchange.
  • Advised BeiGene on its A-Share IPO on the SSE STAR Market, assisting it in becoming the first biotechnology company to be listed in Shanghai, Hong Kong and New York.
  • Advised China CITIC Bank Corporation Limited on its 2022 Financial Bonds.

Tian Yuan Law Firm

Tian Yuan Law Firm capital markets team handles a large volume of listings on the Chinese markets, though it is also active in overseas listed projects. In the past year, it has handled A-share listings, Hong Kong stock listings, and US stock listings, as well as matters relating to restructuring, financing, and private equity investment for listed companies. The firm also has a strong presence in Hong Kong, Practice head Yan Liu has extensive expertise in advising on domestic and overseas IPOs, M&A and bond issuance matters. The team is supported by Guanxiong Wu and Ping Xu, both of whom are experienced in the fields of the corporate and capital markets.

Practice head(s):

Yan Liu

Other key lawyers:

Guanxiong Wu; Ping Xu; Lihua Wang; Xiaohui Zhu

Key clients

Kanzhun Limited

BYD

Huitongda

Bilibili

SF

Youran Diary

Yili Shares

Gushengtang

Chaoju Eyecare

FAW Xiali

Work highlights

  • Advised Kanzhun Limited on its listing on the US Stock Market.
  • Advised BYD on its 3 Billion HKD H Share financing.
  • Advised on the Huitongda listing on the Hong Kong Stock Market.

AllBright Law Offices

AllBright Law Offices offers strong expertise across debt, equity and securitisation capital markets, headed by Jun Xu. The practice handles a variety of matters, including domestic and overseas IPOs, acquisition of listed companies, asset restructuring, refinancing, and corporate bonds. It is also growing in relation to novel areas, such as over-the-counter (OTC) markets. Xiaohong Zhang is notable for his significant expertise in asset restructuring and IPO projects, including on the Hong Kong Stock Exchange. Meanwhile, Jing Pang advises on a high volume of matters, including M&A, stock and bond issuance, and listing projects across a wide range of industries.

Practice head(s):

Jun Xu

Other key lawyers:

Xiaohong Zhang; Jing Pang; Yunlong Li

Testimonials

‘Jing Pang’s team of lawyers has significant expertise. It has been involved in A-shares, Hong Kong stocks and cross-border investment. No matter what market we seek to list in, the team can provide diversified and comprehensive services.’

‘The team has excellent business awareness, and they are able to respond quickly and handle various legal issues with ease.’

‘Jing Pang and Xin Yao have considerable experience in the Hong Kong stock capital market, and can handle all kinds of conventional or special problems with ease. When any unexpected problems or situations arise, they can be dealt with in a timely manner, researched and discusses, and actively communicated with all parties.’

‘The AllBright team is good at mergers and acquisitions, IPO, and corporate governance. It provides legal due diligence, issuance of legal opinions, and drafting, review and revision of legal documents related to asset-backed special plans after the company goes public.’

‘Jing Pang works conscientiously and responsibly. He answers questions professionally and efficiently, and gives timely and effective responses to inquiries.’

‘The team has the professional ability to provide clients with legal services in the capital markets of A-shares, Hong Kong stocks and US stocks at the same time.’

‘The strengths and key skills of this team include an excellent ability to deal with complex matters, excellent service quality, and fast feedback.’

‘The team’s ability is comprehensive and the structure is perfect. Jing Pang’s team of lawyers is able to provide comprehensive capital market business advice for clients, providing legal support from multiple perspectives and aspects.’

Key clients

Assure Tech (Hangzhou) Co., Ltd

Wetown Electric Group Co., Ltd

Shanghai Quectel Communication Technology Co., Ltd

Jiangsu GDK Biotechnology Co., Ltd

Suzhou Huaya Intelligence Technology Co., Ltd.

Righton Gene

Jiangsu Qixintian Catering Management Chain Co., Ltd

Dongyuan Renzhi City Operation Service Group Co., Ltd

Chongqing Ronghui Group

CSC (International) Securities Co., Ltd

INT’L Group

New Huadu Supercenter Co., Ltd

Pixelworks

Fujian Deer Technology Company Ltd

DeHeng Law Offices

The capital markets practice at DeHeng Law Offices is well established in the field of securities law, with the team regularly representing A-share and overseas listed companies, as well as new OTC market companies. Practice head Jianjun Xu has extensive experience in corporate finance, domestic and overseas IPOs, and M&A of listed companies across a wide array of industries, as does Zhenguo Liu. Also to note are Zhiwei Hou, who has expertise in assets reorganisation and cross-border financing, and Yongsheng Tang, who specialises in the listing and restructuring of companies.

Practice head(s):

Jianjun Xu

Other key lawyers:

Zhenguo Liu; Zhiwei Huo; Yongsheng Tang; Xianan Wang

Key clients

China National Gold Group Gold Jewellery Co., Ltd.

CNOOC Limited

Zhonghong Pulin Medical Products Co., Ltd.

Zhuhai Bojay Electronics Co.,Ltd.

JWIPC TECHNOLOGY CO., LTD.

SHENZHEN CHK Co.,Ltd.

ZHUHAI KLES TECHNOLOGY CO.,LTD

China Southern Powergrid Technology Co., Ltd.

China Railway Construction Heavy Industry Corporation Limited

Eastroc Beverage Co., Ltd.

Hubei Huaqiang High-Tech Co., Ltd.

BCEG Environmental Remediation Co., Ltd.

Circuit Fabology Microelectronics Equipment Co., Ltd.

Chengdu Guoguang Electric Co., Ltd.

Beijing ZEHO Waterfront Ecological Environment Treatment Co., Ltd.

Henan Liliang Diamond Co., Ltd.

Shenzhen Chuangyitong Technology Co., Ltd.

Jiangxi Copper Yates Foil Inc.

CMB Financial Leasing Co., Ltd.

China Railway Construction Investment Group

FenXun Partners

FenXun Partners remains extremely active in the capital markets field in China, advising a number of financial institutions, and multinational and local companies on a range of deals. It has a particularly prominent asset-backed securitisations practice, though it handles a range of matters, including assisting listed companies in restructuring and stock considerations. With its joint operation with Baker McKenzie FenXun, the practice regularly advises Chinese companies on cross-border debt and equity securities offerings. Yingzhe Wang and Jianzhao Wang co-lead the team. Stella Hu recently joined as senior counsel, with expertise in Hong Kong and US capital markets work.

Practice head(s):

Yingzhe Wang; Jianzhao Wang

Other key lawyers:

Stella Hu; Shirley Wang; Yuanding He; Junnan Shi

Testimonials

‘The team has an extremely high business ability and professionalism. They can quickly and accurately understand the business needs of clients, and fully protect the rights and interests of them within the legal and compliance framework.’

‘They effectively solve the difficulties faced by clients, and complete the work with high efficiency and quality.’

‘The team members of Fenxun Law Firm are extremely fast in responding, and they are highly cooperative during the service process.’

‘In terms of innovation, the team can keep up with the pace of market development. No matter how the market changes or how the business develops, it can quickly adapt and keep advancing.

‘Junnan Shi has a very deep knowledge reserve and can quickly point out the key links in daily projects and provide constructive legal advice. In addition, she has an excellent attitude and can answer all kinds of questions raised by clients in daily projects in detail, as well as help clients deepen their understanding of the project and fully grasp the key elements of the project at the legal level.’

‘The team is good at asset securitization and has a high degree of expertise in consumer finance and real estate asset securitization.’

‘The legal service provided is highly professional and the lawyers have a strong learning and self-driving force.’

Key clients

China International Capital Corporation Hong Kong Securities Limited

YCIH Green High-Performance Concrete Company Limited

PICC Property and Casualty Company Limited

CITIC Securities

Yuexiu REIT

Huarong Rongde Asset Management Company Limited

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.

Shenzhen TenPay Online Financial Microfinance Co., Ltd.

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.

CITIC Securities Co., Ltd.

China International Capital Corporation Limited

China Securities Co., Ltd.

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

China Cinda Securities Co., Ltd.

Ping An Securities Co., Ltd.

Shenzhen Pingan Huitong Investment Management Co., Ltd.

Huaneng Guicheng Trust Co., Ltd.

Ping An Asset Management Co., Ltd.

Capital Securities Co., Ltd.

Work highlights

  • Advised Jin Jiang International Holding Company Limited on the privatization of Hong Kong-listed Shanghai Jin Jiang Capital Company Limited by way of merger by absorption under PRC law. The cash consideration paid by the Offeror was approximately HKD 4.3 billion.
  • Advised Yuexiu REIT on its issuance of USD 1.5 billion offshore medium term note program and USD 400 million guaranteed notes, pursuant to its medium-term note program.
  • Conducted a feasibility study for Jihui Information Service Co., and assisted in the design of the transaction structure and the drafting of the documents, and conducted due diligence on the underlying asset.

Kangda Law Firm

Kangda Law Firm has a longstanding securities law practice, handling a range of matters including IPOs and issuance of bonds. It advises across a broad array of industries, including representing clients in the manufacturing and TMT sectors. The practice is also increasingly focused on expanding their business in high-end manufacturing, clean energy, and digital technology industries. Hua Jiang, Aidong Lou and Shengjun Wang co-lead the team from Beijing, with Lou’s practice primarily focuses on enterprise restructuring and listing.

Practice head(s):

Hua Jiang; Aidong Lou; Shengjun Wang

Other key lawyers:

Xuechen Wang

Key clients

Hengli Group Co., Ltd.

China International Capital Corporation Limited

Suzhou Quick photovoltaic Electronics Co., Ltd.

Guangdong Holdings Limited

Guangzhou Industrial Investment Holding Group Co., Ltd.

Guandian Defense Technology Co., Ltd.

Beijing China Sciences Runyu Environmental Technology Co., Ltd.

Sinosteel Luonai Materials Technology Corporation

Shenzhen Injoinic Technology Corp.

Zhejiang Hisun Biomaterials Co., Ltd.

Guangmai Technology Co., Ltd.

Guangdong Fenghua Advanced Technology Holding Co., Ltd.

INOVANCE

DYNAGREEN Environment Protection Group Co., Ltd.

Rising Nonferrous Metals Share Co., Ltd.

Suzhou Delphi Laser Co. Ltd.

Jiayou International Logistics Co., Ltd.

Tianjin Ringpu Biotech Co. Ltd.

Guangzhou Darui Biotechnology Co., Ltd.

Xi’an Chenxi Aviation Technology Co., Ltd.

Shaanxi Investment Group Co., Ltd.

Qinchuan Machine Tool Group Co., Ltd.

Guangdong Provincial Port & Shipping Group Co. Ltd.

Guangdong GW Holdings Group Co., Ltd.

Shanxi Huaxiang Group Co., Ltd.

Work highlights

  • Represented Hengli Group Co., Ltd. to issue private corporate exchangeable bonds in order to optimize the asset-liability structure and repay part of its debts. The client successfully issued exchangeable bonds in an amount of CNY 12 billion, making it one of the largest bond financing projects of private enterprises in the domestic capital market within the past two years.
  • Advised Guandian Defense Technology Co., Ltd. on listings. They became the first enterprise directly transferred to the Shanghai and Shenzhen Stock Exchange since the implementation of the listing rules.
  • Advised Shenzhen Injoinic Technology Corp. on the listing committee of the science and innovation board.

Llinks Law Offices

Llinks Law Offices is well-regarded for its capital markets practice, with particular expertise in handling securities issuance projects for domestic and overseas issuers and underwriters, including IPOs, follow-on offerings, corporate debt and convertible debt offering. Beyond that, it also advises on M&A projects, asset reorganisation, and back door listings. Grant Chen leads the practice from Shanghai, with extensive experience advising on financing and restructuring in both domestic and foreign capital markets. Christophe Han offers a broad corporate practice, which includes advising on restructuring of state-owned and private enterprises. Also notable is Calista Huang, who has previous experience working for regulatory bodies.

Practice head(s):

Grant Chen

Other key lawyers:

Christophe Han; Calista Huang; Wayne Chen; Zhengyi Zhang; Chris Xia

Key clients

Sinochem International Corporation

American Securities LLC

Shanghai Sinotec Co., Ltd

Gangfeng Lithium Co., Ltd.

China Molybdenum Co., Ltd.

Shanghai Lingang Economic Development Co. Ltd.

Xiamen ITG Group Corp. Ltd.

Chison Medical Technologies Co., Ltd.

Guoxuan High-techd Co., Ltd.

Work highlights

  • Advised China Resources Financial Leasing Co., Ltd on its public issuance of green corporate bonds (dedicate for carbon neutrality) to professional investors in 2021.
  • Advised Shanghai Electric Wind Power Group on IPO on the STAR Market.
  • Advised Volkswagen (China) Strategic Investment in Gotion High-tech Co., Ltd., the first listed company to pass the review of the introduction of foreign strategic investment project by the non-public issuance after the new regulations come into effect.

Beijing Grandway Law Offices

Beijing Grandway Law Offices offers a strong capital markets practice advising on a broad array of matters, including IPOs, refinancing, M&A, ABS, and equity incentive plans. Founding partner Liguo Zhang, an expert on securities law, leads the Beijing and Hong Kong group. Lin Sun leads a team across Shanghai and Shenzhen, acting for both unlisted and listed companies across global stock exchanges. Meanwhile, Rui Zhu leads a team from Shanghai, focusing on domestic and overseas issuance and listings, as well as bond issuance and asset securitisation.

Practice head(s):

Liguo Zhang; Lin Sun; Rui Zhu

Other key lawyers:

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

Key clients

Zhejiang Dahua Technlogy Co., Ltd.

Cloudwalk Group Co., Ltd.

Ningbo Shanshan Co.,Ltd.

Shanghai Golden Union Business Management Co., Ltd.

Zhejiang leapmotor Technology Co., Ltd

China Railway Special Cargo Logistics Co., Ltd.

PharmaBlock Sciences (Nanjing), Inc.

ZHEJIANG DINGLI MACHINERY CO., Ltd

Kunshan Huguang Auto Harness Co.,Ltd.

Sineng Electric co.,Ltd.

Beijing Konruns Pharmaceutical Co., Ltd.

Guizhou Panjiang Refined Coal Co., Ltd.

Kailuan Energy Chemical Co.,LTD.

Shenzhen Wenke Landscape Co., Ltd.

Jilin University Zhengyuan Information Technologies Co.,Ltd.

Shanghai Laiyifen Co.,Ltd

Shandong Nanshan Zhishang SCI-TECH Co., Ltd.

RopeokTechnology Group Co., Ltd.

Hainan Huluwa Pharmaceutical Group Co.,Ltd.

Guangdong Shenling Environmental Systmes Co., Ltd.

Ligao Foods Co., Ltd.

BIEM.L. FDLKK Garment Co., Ltd.

PCI Technology Group Co., Ltd.

Guangdong Enpack Packaging Co., Ltd.

DongGuan DingTong Precision Metal Co., Ltd

GuangDong Xinbao Electrical Appliance Holdings Co.,Ltd

China National Traditional Chinese Medicine Co., Ltd

Shenzhen Urban Transport Planning Center Co., Ltd.

GuangDong Fang Yuan Environmental Co.,Ltd

Guangdong Lyric Robot Automation Co.,Ltd.

Asiainfo Security Technologies Co.,Ltd.

Jian Mankun Technology Co.,Ltd.

Polaris Bay Group Co.,Ltd.

Kuk Resources-saving Technology Co., Ltd.

Xinjiang Lixin Energy Co., Ltd.

Chengdu Bright Eye Hospital Co., Ltd.

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

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.

Hangzhou Heshun Technology Co., Ltd.

Ningbo Fangzheng Automobile Mould Co., Ltd.

SMO Clinplus Co., Ltd.

ZHEJIANG GOLD INTELLIGENT SUSPENSION CORP.

C-lin Electrical CO., LTD.

Unimicron Technology (Suzhou) Corp.

Shanghai Shangshi Energy Technology Co., Ltd.

Work highlights

  • Provided full-range legal services for Mao Geping Cosmetic Co., Ltd. as its legal consultant during the IPO.
  • Provided full-range legal services for Asiainfo Security Technologies Co.,Ltd. as its legal consultant during the IPO.
  • Provided professional and high-quality counsel for Cloudwalk Technology Co., Ltd. during the IPO.

DaHui Lawyers

DaHui Lawyers acts for issuers and underwriters in both debt and offerings matters, particularly in mainland China, the US and Hong Kong. In the last year, the practice has handled a range of matters, including SPAC deals, pre-IPO private placements and share transfers, and it has also seen continued growth with a number of new key partner hires. Zheng Zha leads the practice, with expertise in international capital markets and cross-border investments.

Practice head(s):

Zheng Zha

Other key lawyers:

Julia Dai; Cloud Li

Dentons China

Dentons China offers broad expertise across capital markets transactions, advising on global and domestic IPOs, corporate restructuring, and refinancing for listed companies. The practice is co-led by Xugang Yu and Yi Wang from Beijing. Xingcheng Fan and Chen Lin are also names to note, both of whom focus on corporate finance transactions and M&A deals.

Practice head(s):

Xugang Yu; Yi Wang

Other key lawyers:

Xingcheng Fan; Chen Lin

Testimonials

‘Dentons has strong collaboration ability with other branches across the country and can therefore better meet the needs of cross-regional businesses.’

‘The team has strong business capabilities in wealth management product design and loan business innovation, and can meet the needs of banking businesses.’

‘Dentons is able to serve clients with different needs, due to the different characteristics of the different teams.’

‘They are professional and efficient. They are able to meet clients’ needs and tight project deadlines, and the service provided is professional.’

‘Jian Ying is professional and intelligent, and not only has a precise understanding of the law, but also can understand the needs of clients and provide personalised services.’

‘They can accurately grasp clients’ needs and formulate special, actionable and innovative solutions according to such needs. They are very professional.’

‘They are highly professional and have a wide range of business coverage. When dealing with complex projects, they can accurately understand the situation and needs of the project, understand the legislative trend, integrate various laws and policies, and give clients a lot of help and support. In addition, their global network allows them to provide legal services abroad.’

‘Qing Guo has rich experience in the ABS business field, and helps the client solve practical problems.’

Key clients

China CITIC Bank Co., Ltd.

AVIC International Leasing Co., Ltd.

China Eastern Airlines Co., Ltd.

Deewin Tianxia Co.,Ltd.

Chengdu Mingyu Global Business Management Co., Ltd.

Bizlink Holding Inc.,

Guangxi Beibuwan International Port Group Co., Ltd.

INTESA SANPAOLO

Dianguang Explosion-proof Technology Co., Ltd.

Fujian Tendering Co.,ltd.

Shaanxi Tianrun Technology Co., Ltd

Work highlights

  • Advised AVIC International Leasing Co. on issuing USD Guaranteed Notes and Euro Guaranteed Notes in Hong Kong Stock Exchange.
  • Advised China Eastern Airlines Co., Ltd. on its private placement of A shares.
  • Advised Deewin Tianxia Co., Ltd. on its initial public offering of overseas listed foreign shares (H shares) and listing on Hong Kong Stock Exchange.

Guantao Law Firm

As a core practice area for Guantao Law Firm, the capital markets team remain busy advising issuers and underwriters for the listings of companies across a broad range of industries. It also has expertise in overseas securities regulations, issuance, and trading. The team is co-led by Bo Su and Dongying Sun, both of whom have extensive experience in corporate and securities law matters.

Practice head(s):

Bo Su; Dongying Sun

Other key lawyers:

Yaping Huang; Liguo Cui; Zhen Li; Jingmei Hao

Key clients

China Insurance Investment (Beijing) Co., Ltd.

Beijing Health Guard Biotechnology Inc.

Qingdao NovelBeam Technology Co., Ltd.

KEDE Numerical Control Co., Ltd.

Allgens Medical Technology CO., Ltd

Beijing Jingwei Hirain Technologies Co., Inc.

Beijing Tongyizhong New Material Technology Corporation

Ningbo Homelink Eco-iTech Co., Ltd.

KEDE Numerical Control Co., Ltd.

SDIC Power Holding Co., Ltd

Fujian Snowman Co., Ltd.

Baoji Titanium Industry Co. Ltd

Suzhou Iron Technology Co., Ltd

Guangzhou Sanfu New Materials Technology Co., Ltd.

Suzhou Iron Technology Co., Ltd

Beijing Hengyu Datacom Aviation Equipment Co., Ltd.

Shenzhen Fastprint Circuit Tech Co.,LTD

Beijing Financial Street Capital Operation Center

Qingdao Jinfa Jiahe investment partnership

Xinhua Winshare Publishing and Media Co., Ltd.

Ji’an City Control Group

Shenzhen eVat Master Technology Co., Ltd.

Work highlights

  • Advised China Insurance Investment (Beijing) Co., Ltd. acting as a fund manager to raise a corporate-system fund and invest in the newly issued shares of China Huarong Asset Management Co., Ltd.
  • Advised Beijing Health Guard Biotechnology Inc on financing.
  • Advised NovelBeam on issuing A shares on the Sci-Tech innovation board of the Shanghai Stock Exchange.

Hai Run Law Firm

The securities and capital markets department at Hai Run Law Firm advise on a wide variety of matters, including IPO projects, non-public issuance, acquisition of listed companies, asset restructuring, and refinancing of listed companies. The team is led by Xiaodong Wang, and is supported by key members Kebin Yan, Shenghuai Zhang and Yushuan Zhu, all of whom have extensive experience in the field.

Practice head(s):

Xiaodong Wang

Other key lawyers:

Kebin Yan; Shenghuai Zhang; Yushuan Zhu; Dongmei Li

Testimonials

‘The team can adjust the content of the legal services it provides in a timely manner according to the development and changes of the company and the industry, so that clients can keep up-to-pace with the times as quickly as possible.’

‘The team focuses on China’s fast-growing industries and emerging industries, such as biotechnology and chip technology. It is committed to corporate governance and business compliance, and at the same time it introduces industry solutions to fully tap into the company’s business values and growth opportunities.’

‘With extensive collaboration mechanisms with other intermediaries, their clients have the ability to personalise solutions and diversify choices in its business.’

‘Dongmei Li has rich industry experience and excellent professional quality. He is proficient and comprehensive in securities business, has unique insights, and is good at building the company’s compliant business framework and internal control system.’

Key clients

Hangzhou Bio-Sincerity Pharma-Tech Co., Ltd.

Tencent Technology (Beijing) Co., Ltd.

Beijing Northland Biotech Co., Ltd.

Beijing Rural Commercial Bank Co., Ltd.

Huafon Chemical Co., Ltd.

Zhengyuan Geomatics Group Co., Ltd.

Ningxia Xiaoming Agriculture & Animal Husbandry Co., Ltd.

Beijing Shunxin Holdings Group Co., Ltd.

Shanghai Karon Eco-valve Manufacturing Co., Ltd.

Gohigh Data Networks Technology Co., Ltd.

Work highlights

  • Advised Hangzhou Bio-Sincerity Pharma-Tech Co., Ltd. on its debut onto Shenzhen Stock Exchange. The IPO raised RMB2.153 billion.
  • Advised Beijing Rural Commercial Bank Co., Ltd. on its issuance of RMB10 billion debts.
  • Advised Huafon Chemical Co., Ltd., the largest national manufacturer and second largest world manufacturer of spandex fibre, in a RMB2.8 billion equity financing.

Jia Yuan Law Offices

Jia Yuan Law Offices’ advises issuers and underwriters, as well as Fortune 500 companies, on a wide range of projects, including domestic and overseas IPOs, listing and refinancing, and asset restructuring. The department is split into four different sub-specialities, those being A-share matters for SOEs, A-share matters for private enterprises, H-share matters, and red-chip matters. Guobao Huang, Jiansheng Yi, Wen Zhang c0-lead the team from the Beijing office, whilst Liangjuan Wen leads the Shenzhen group.

Practice head(s):

Guobao Huang; Jiansheng Yi; Wen Zhang; Liangjuan Wen

Other key lawyers:

Yu Yan; Yangyuan Fu

Key clients

China National Materials Group Corporation Ltd.

Aviation Industry Corporation of China

China National Salt Industry Corporation

Qingdao Port International Co., Ltd.

Shanghai MicroPort MedBot (Group) Co., Ltd.

Hangzhou SF Intra-City Industrial Co., Ltd.

CITIC Group Corporation

MGI Tech Co., Ltd.

China International Capital Corporation Limited

Hunan Changyuan Lico Co., Ltd.

Work highlights

  • Advised Caibai Company, the first state-owned holding company under the State-owned Assets Supervision and Administration Commission of Xicheng District, Beijing to make the IPO of A shares on the main board.
  • Assisted the H-share listing through the spin-off of a company listed on the HKEX involves multiple regulations in multiple places, the approval of which is difficult and complicated
  • Advised MGI and BGI, which are two upstream and downstream companies under the same control that are closely related to each other. Theretofore, there has been no case for the listing of two close upstream and downstream private enterprises under the same control at the same time.

Jincheng Tongda & Neal

The securities and capital markets practice at Jincheng Tongda & Neal handles a variety of matters, including domestic and overseas IPOs, follow-on offerings, allotment of shares, equity transfers, and restructuring. Yinhong Liu leads the practice from Shenzhen, though is supported by key names Xiaodong Zheng and Guohua Wu from Beijing, both of whom are well versed in corporate matters.

Practice head(s):

Yinhong Liu

Other key lawyers:

Xiaodong Zheng; Guohua Wu

Key clients

Jiangsu Huadian Energy Co., Ltd.

NAURA Technology Group Co., Ltd.

Sichuan New Energy Power Company Limited

Yiyi Shares

Sichuan Zigong Conveying Machine Group Co., Ltd.

HYP-ARCH Consultants

Chengdu Yitong Seals Co., Ltd.

Vanov Holdings

CCB Insurance Asset Management Co., Ltd.

First Capital Securities Co., Ltd.

Nanjing Anju Construction Group Co., Ltd

Work highlights

  • Acted for Jiangsu Huadian Energy Co., Ltd. and helped to successfully issue total non-financial corporate debt financing instruments of RMB 14.6 billion.
  • Acted for NAURA and helped to get approval from China Securities Regulatory Commission for the private issuing of shares of RMB 8.5 billion.
  • Actted for Sichuan New Energy Power Company Limited and helped to complete its major assets restructuring (RMB 1.2 billion).

Merits & Tree Law Offices

Merits & Tree Law Offices has seen significant growth in its capital markets department in the past year. The practice advises on a wide range of matters, including IPO, M&A, restructuring, and refinancing, and it is particularly prominent in the A-share sector. Practice head Tongyun Li leads the team from Beijing, with expertise advising enterprises on a range of issues, including overseas acquisitions and bond issuances.

Practice head(s):

Tongyun Li

Other key lawyers:

Ruiming Jiang; Bai Cui; Chao Zheng

Testimonials

‘Professional, meticulous and courteous service.’

‘The biggest innovation is the cooperation between different projects.’

‘In the process of special projects, there is enough experience to provide solutions; and when consulting questions, there are good answer specifications, cases and suggestions. The overall demand for business feedback is also fast.’

‘Linxuan Dai and Bai Cui cooperate with other professional forces to solve the problems for the client.’

Key clients

Changchun BCHT Biotechnology Co., Ltd.

Mega-info Media Co., Ltd.

Jiangsu Maysta Chemical Co., Ltd.

Yanpai Filtration Technology Co., Ltd

Mabwell (Shanghai) Bioscience Co., Ltd.

Shangji Automation Co., Ltd

Wayz Intelligent Manufacturing Technology Co., Ltd.

ASR Microelectronics Co., Ltd.

Xiamen Solex High-tech Industries Co., Ltd.

Wuxi Yelong Precision Machinery Co., Ltd.

Shanghai Zhonggu Logistics Co., Ltd.

Wuhan Lincontrol Automotive Electronics Co., Ltd.

Yantai Eddie Precision Machinery Co., Ltd.

Beijing RHY Technology Development Co., Ltd.

Zhejiang Xingxing Refrigeration Co., Ltd.

Jiangsu Hualan New Pharmaceutical Materials Co., Ltd.

Bondex Supply Chain Management Co., Ltd.

Jiangyin Jianghua Microelectronics Materials Co., Ltd.

Jiangsu Yida Chemical Co., Ltd.

Hainan Drinda Automotive Trim Co., Ltd.

Zhejiang Zhengte Co., Ltd.

Qingdao Bellinturf Industrial Co., Ltd.

Jiangsu Xiechang Electronic Technology Co., Ltd

Wenzhou Yuanfei Pet Toy Products Co., Ltd

Guangdong Hongming Intelligentjoint Stock Co., Ltd.

HAXC Holdings (Beijing) Co., Ltd.

Newlink Technology Inc.

Shandong Kuntai New Material Technology Co., Ltd.

Darbond Technology Co., Ltd.

Longkou Union Chemical Co., Ltd.

Wondershare Technology Group Co., Ltd.

Xiamen Yanjan New Material Co., Ltd.

Cellixsoft Corporation

Wuxi Hyatech Co., Ltd.

Chengdu Easton Biopharmaceuticals Co., Ltd.

Work highlights

  • Advised on IPO of Wenzhou Yuanfei Pet Toy Products Co., Ltd.
  • Advised on IPO of Zhejiang Zhengte Co., Ltd.
  • Advised on IPO of Darbond Technology Co., Ltd.

Shihui Partners

Capital markets forms a core department at Shihui Partners, a firm which was only founded in 2016 but has seen exponential growth in recent years. The practice has experience advising on domestic IPO projects, though it has also been growing in relation to cross-border projects and overseas listings, particularly in the US and Hong Kong. Practice head Jian Zhang has significant expertise securities issuance and listing, restructuring, M&A, and private placement financing matters.

Practice head(s):

Jian Zhang

Other key lawyers:

Daqian Zhang

Key clients

JD Logistics, Inc.

Zhongjing Wanxi Pharmaceutical Co., Ltd.

Chengdu XWFintech Co., Ltd.

China International Capital Co., Ltd.

Hypower Microelectronics (Wuxi) Co., Ltd.

Nanjing Kungfu Bean Information Technology Co., Ltd.

Tonghua Jianxin Science & Technology Co., Ltd.

Beijing Yidianyun Network Technology Co., Ltd.

Shanghai MicroPort EP MedTech Co., Ltd.

Work highlights

  • Advised JD Logistics, one of the leading logistics service providers in China, on its initial public offering on the Hong Kong Stock Exchange with a financing amount of HKD 24.1 billion.
  • Advised Chengdu XWFintech Co., Ltd, a professional technical institution, on its initial public offering.
  • Advised Zhongjing Wanxi Pharmaceutical Co., Ltd., one of the leading pharmaceutical manufacturers and retailers, on its spin-off of several business lines.