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China > Capital markets > Capital markets: PRC firms > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Capital markets: PRC firms
  2. Leading individuals
  3. Next Generation Partners

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Fangda Partners has solid experience in overseas equity and debt offerings, including IPOs and H-share and convertible issuances. It acts for major TMT-sector clients such as Alibaba and Focus Media, and financial institutions such as Goldman Sachs (Asia) and HSBC. Key individuals include Jeffrey Ding, who has experience with cross-border ECM transactions; Dong Wu, who heads the securitisation and derivatives practice, and Leo Lou, who handles capital markets, M&A and private equity transactions. Xueyan Jiang and Wu advised China International Capital Corporation as sponsor and lead underwriter in relation to Foxconn Industrial Internet's global reorganisation and RMB27.1bn A-share IPO. Other highlights include advising Shandong International Trust on its IPO and listing on the Hong Kong stock exchange, and acting for Bank of Ningbo on its public issuance of RMB10bn convertible corporate bonds. Michael Qi regularly acts for technology-sector companies.

King & Wood Mallesons handles debt capital markets work and securitisation, among others, and regularly acts for financial institutions, international corporations and Chinese insurers in multibillion-dollar bond issuance and IPO mandates. The sizeable team now counts 65 partners, having seen five further promotions to partner. Names to note include Yongliang Zhang, who has expertise in acting for medium and large-sized companies and start-ups on onshore and offshore listings, and Jingping Zhang, who joined from an in-house role at a TMT-sector company. Xiaohong Zhao and Xiaolei Yang are also singled out. Bank of Zhengzhou and Sangfor Technologies are new client wins.

Zhong Lun Law Firm handles large number of onshore and offshore listings for its substantial client roster; it also advises on pre-IPO restructuring, private placements, and large-scale M&A transactions for listed companies. Recent transactions include advice to Huawei Investment on the issuance of $5bn medium-term notes by Proven Glory Capital; Sinotrans received assistance with its merger with Sinotrans Air Transportation Development through share swap; and Bank of China (Hong Kong) instructed the team on a RMB10bn bond issuance. Key practitioners include Anthony Zhao, Limin Chen, Kejun Guo, Shirley Wang and Julia Zhu.

Global Law Office is ‘knowledgeable in the capital markets space’ and is singled out for its ‘short response times’. It acts for underwriters and issuers in both debt and equity capital markets transactions and the client portfolio spans a wide range of industries including manufacturing, automotive, healthcare, real estate and financial services. Wen Li and the 'highly experiencedJinrong Liu are noted for their 'smooth communication with clients’. Recent highlights saw Lei Zhou advise Siemens Healthineers on the restructuring of its China operations prior to its  €4.2bn IPO on the Frankfurt stock exchange; Liu acted for Hubei Sanonda on its issuance of A-shares on the Shenzhen stock exchange; and Haishan Sun assisted Trio Industrial Electronics Group with its listing on the Hong Kong stock exchange. Following five internal promotions, the team now counts 28 partners.

Grandall Law Firm's large practice counts 100 partners and is noted for its 'short response times' and 'capital market sector knowledge'. The client portfolio includes domestic and international companies from the insurance, financial services, real estate and pharmaceutical sectors. In recent highlights, Xiaoliang Wu advised China Literature on its $1bn IPO, marking the first Hong Kong capital markets entry of a Chinese online reading platform. Zhongyuan Bank, Guotai Junan Securities, Zhongan Insurance and Evergrande Real Estate Group also count among the team's clients. Guan Jianjun is singled out.

Haiwen & Partners covers securities offerings, mergers and acquisitions of listed companies as well as private equity investment matters. The team regularly acts in cross-border transactions for international and domestic issuers and investment banking clients. Key areas of work include  overseas and domestic securities offerings, IPOs, follow-on equity offerings, and debt securities. Fei He is the name to note. Export-Import Bank of China and Sinopec count among the team's clients.

Haiwen & Partners - Mandarin translation: 海问律师事务所 业务涉及证券发行、上市公司的并购以及私募股权投资事务。 该团队经常为国际和国内发行商和投资银行业客户执行跨境交易。 主要业务领域包括:海外和国内证券发行、IPO、后续股权发行以及债券。 飞鹤 是一个值得留意的名字。中国进出口银行和中国石化都是该团队的客户。

Jingtian & Gongcheng has strong capital markets capabilities and experience with overseas listings. The client roster includes the largest private enterprise in China, Wanda Cinema, and global underwriters such as JP Morgan, Morgan Stanley and CITIC CLSA Capital Markets. In a notable transaction, Xiang Gao and Tian Mingzi handled one of the largest debt issuances in 2018 for China National Chemical Corporation; 18 international banks jointly acted as underwriters and debt was issued in US dollar and euro, with listings on both the Singapore and Euronext Dublin stock exchange. The team also acted for the underwriters in Baidu.com's high-value debt issuance.

JunHe LLP’s ‘very professional’ team possesses ‘strong business knowledge and industry awareness’. Clients include major international corporations such as JP Morgan, Jaguar Land Rover, Philips, Barclays and HSBC. The team assisted Clenergy with its listing on the Shanghai stock exchange, and Chou Tai Sheng Jewellery instructed it on its IPO of A-shares. The team is led by Tao Zhang and Yi Wang, which also includes the highly regarded Chunyang Shao, Tiejun Shi and Yongqiang Yu. Other names to note include Jiang Wenjun who ‘is able to maintain a good balance between legal matters and business judgement’; Dana Zhang and Gu Jingling who are both singled out for their ‘professionalism, commitment and responsiveness’, and Lao Chengzhe who has ‘solid capital markets experience, a rigorous work attitude and gives pragmatic legal advice’.

AllBright Law Offices specialises in debt, equity and securitisation matters including IPOs, convertible bonds, non-public offerings, public transfer and private placement of stocks. Xiaohong Zhang specialises in domestic and overseas listings, related company restructuring and securities; Guoquan Shen is the other name to note. In a notable highlight, Zhang assisted aluminium alloy wheel manufacturer Zhejiang Jinfei Kaida with its pre-IPO transformation. Construction-sector company Asia Cuanon Technology received assistance with its A-share IPO on the Shanghai stock exchange.

Beijing Grandway Law Offices handles a wide range of capital markets matters, including IPOs, the refinancing of listed companies, asset securitisation and employee stock ownership plans. The practice traditionally holds a significant market share of A-share listings and acts for a large number of PRC issuer clients. Liguo Zhang and Ruiming Jiang, both based in the firm's Beijing office, are the names to note.

Commerce & Finance Law Office's team includes Xiaoman Zhang, who focuses on IPOs, M&A and restructuring; Wu Gang, who handles capital markets, M&A and PE investment matters, and Xin Kong. In a notable highlight, Gang advised China Unicom Network Communications on its $12.24bn mixed ownership reform via non-public offering and the transfer of shares, a complex matter involving ten different investors. Wei Chen acted for China Huarong Asset Management in several offshore bond offerings totalling $3.4bn. The team has been bolstered by Qingfeng Huang's arrival from EY Chen & Co. Law Firm.

FenXun Partners has extensive securitisation experience; recent highlights include advising Di Run (Tianjin) Technology on a $1.57bn supply chain asset-backed security (ABS) project in China’s transportation industry, and advising Chongqing Xiaomi Commercial Factoring on the securitisation of its factory assets. Practice head Yingzhe Wang advises domestic and foreign clients on equity and debt securities; Jianzhao Wang focuses on structured finance and securitisation, and Guangshui Yang specialises in public debt and equity offerings and listings as well as the restructuring of listed companies.

Guantao Law Firm advises issuers and underwriters on listings of companies from a wide range of industries including finance, real estate, transportation, energy, technology and food. Liguo Cui  focuses on private equity investment and financing, capital markets and M&A matters. Zhongye Chen  assisted China Communications Construction Group with its RMB16bn issuance of non-public exchangeable bonds. China Building Material Test & Certification Group, Aluminium Corporation of China and China Merchants Securities count among the team's clients.

Han Kun Law Offices regularly handles overseas capital markets transactions and has experience representing both Chinese insurers and international underwriters. Yijun Chao specialises in private equity and venture capital, securities and M&A; Zhe Wang deals with foreign direct investment and Ying Zhou has an expertise in public and private financing matters. JP Morgan, Goldman Sachs, China Literature and Baidu count among the team's clients. In a notable cross-border highlight, Chaoying Li provided PRC law counsel to Tencent Holdings as the issuer on its $5bn global-term-note programme.

Jia Yuan Law Offices' department across Beijing, Shanghai and Shenzhen includes Yan Yu, who handled a number of onshore and offshore securities offerings and restructuring matters in various industries, and Ying Xu, who focuses on corporate restructuring, share issuance and listing of domestic and overseas enterprises. The team attracted work in a variety of industries, among them shipbuilding, aviation and energy.

Tian Yuan Law Firm predominantly acts for domestic entities, but also attracts work from global financial services clients. In a notable highlight, the team acted as Chinese counsel to the underwriters, including Citi Group, CICC and UBS, on Qudian's $1bn IPO on the NYSE, a matter led by Siqi Fu and Lei Shi. Wei Xu advised Huatai Asset Management on the establishment of a large-scale debt investment plan. Lihua Wang has ‘detailed understanding of the laws and policies involved in corporate restructuring, IPOs, refinancing, M&A and reorganisation’. Yan Liu is also singled out.

DeHeng Law Offices handles debt and equity matters predominantly for domestic clients, covering private placements, bonds and the issuance of convertible bonds. Notable cross-border matters include Xianan Wang's  advice to Shanghai Fukong Interactive Entertainment on its $348m indirect acquisition of the entire issued share capital of Shanghai Hongtou Network Technology’s subsidiary, Jagex, a British video game developer. Singled out are Li Wang, who acts for several government organisations, and managing partner Xu JianJun.

Dentons China covers the entire gamut of capital markets work, including fundraising for equity funds, private equity investment, as well as IPOs and capital exits. In recent highlights, the team advised China Fortune Land Development on an urbanisation PPP delivered as asset-backed security project, and assisted Industrial Bank with the issuance of its first multimillion-dollar personal mortgage loan asset-backed securities product. Lihong Wang, Qing Guo and Feng Qu are the names to note. The team has been bolstered by Wei Liuming from Winston & Strawn LLP.

Llinks Law Offices’ team includes Wayne Chen, who specialises in IPOs, issuance of bond and debt financing tools, private placements, rights offerings and the restructuring of listed companies, and Calista Huang, who has a focus on securities issuance and pre-IPO equity financing. New clients include Shanghai Media & Entertainment Group and Motic (Xiamen) Electric Group. Chen advised Red Star Macalline Group, a shopping mall operator in China, on its listing on the Shanghai stock exchange.

Tahota Law Firm regularly acts for international corporations as well as  state-owned enterprises. The team has expertise in the financial services, insurance, private equity, real estate and technology sectors and a strong track record in handling securitisation matters. Yingmei Han, who has a focus on financial securities, and Chenggang Guo are the names to note; both are based in Chengdu.

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