Fintech: PRC firms in China

Han Kun Law Offices

Han Kun Law Offices has a strong presence in fintech and advises clients on a range of matters including compliance, designing of products, third-party payments, blockchain and cryptocurrency. The firm acts for many leading names in the sector such as Tencent Financial Technology, Webank, and Ai Bank. Practice head Jun Wan specialises in blockchain, securitization and asset management transactions, general banking and finance. Other key individuals on the team include Shu Wang, Jun ZHU, Tiecheng YANG.

Other key lawyers:

Shu Wang; Jun Zhu; Tiecheng Yang

Key clients

Tencent Financial Technology

Airwallex

Xiaomi Supply Chain Finance / Xiaomi Commercial Factoring

Duxiaoman Financials

AI Bank

WeBank

JDD

Sougou

Yirendai

9Fbank

Meituan-Dianping

Lianjia

WeCash

Yixin

Sui Group

Welab

Lexin

Xiaoying

Work highlights

  • Represented the joint bookrunners in Qudian Inc.’s offering of convertible senior notes.
  • Represented Hillhouse Capital in its investment in CCC China.
  • Acted as the retained legal adviser for Webank, assisting the client in its financial regulatory matters and the development of innovative financial products.

Zhong Lun Law Firm

Zhong Lun Law Firm has a long history in banking and financial services with a strong client base consisting of both domestic and international financial institutions, as well as multinational corporations. The team advises clients on a range of fintech matters but has a particular focus on compliance and regulatory issues. Other areas of strength include cryptocurrency, and related litigation and arbitration. Key individuals in the team include Xinyu LiuWantao Yang, Borong Liu , Shirley Lu, Hui Zhi. Other noted individuals include Zhisong He and Yi Hu.

Key clients

Advokate Limited

Shenzhen LinkTime Technology Co., Ltd.

Radical Automobile (China)

Bank of Beijing

Taiping General Insurance

Shanghai Minhang Financial Service Office

Association of Shanghai Internet Financial Industry

Fountainvest Partners

Guoxin Venture Capital

Meituan-Dianping

Xsolla Inc.

Tongdun Technology

Hellobike

Chinatopcredit Financial Information Services (Shanghai) Co., Ltd., CTCF

Huarui Bank

Chang’an Wealth

Fullerton Technology

Xiaoyudian Small Loan

Nielsen-CCData

DataSeed

Yango Finance

Luoshu Investment

BSH China

Flowserve

Work highlights

  • Advised Fountainvest Partners on its due diligence on 360 Finance.
  • Advised Bank of Beijing on its cooperation project with Guazi used car.
  • Represented Chang’an Wealth in its entrusted loan dispute against Tewoo Group and its subsidiaries.

DaHui Lawyers

DaHui Lawyers has a well-established presence in fintech and financial regulatory matters and operates closely with major PRC regulators such as  the Public Security Bureau, and the Cyberspace Administration of China. The team has particular expertise in third-party payments, regulatory and compliance, cryptocurrency and blockchain. Founding and managing partner Richard Ma has broad experienced in fintech. Brendon Wu has a strong background in fintech and TMT.

Practice head(s):

Richard Ma; Brendon Wu

Other key lawyers:

Cloud Li

Key clients

Airbnb

China International Capital Corporation Limited (CICC)

Citigroup

Credit Suisse

Danhua Capital

Dawanjia Inc.

EventBank

Goldman Sachs

GSR Ventures

Crystal Stream Fund (HillHouse Capital)

Hillhouse AI

J.P. Morgan

Kinzon Capital

Schaeffler Technologies AG & Co. KG

Source Code Capital

TsingJiao Information Science (Beijing) Limited (“TsingJiao”)

UP FINTECH HOLDING LIMITED (“Tiger Brokers”, NASDAQ: TIGR)

Qudian Inc. (NYSE: QD)

VCP Advisors

World First

Xiaoying.com

Xinyuan Real Estate Co., Ltd.

Warburg Pincus

Yellow River / Jihuiduo

Work highlights

  • Advised on various aspects of Airbnb’s online payment operations in China, including corporate restructuring, operation permit requirements and operation compliance.
  • Advised Tiger Brokers as PRC counsel on Nasdaq IPO.
  • Advised Yellow River on market entry, structuring, and navigation of payment and other FinTech solutions.

Global Law Office

Global Law Office covers a broad range of contentious matters, including dispute resolution and intellectual property, as well as a wide range of non-contentious issues such as public offering of shares and debt financing. The team has significant expertise in private equity and venture capital deals in the fintech space. Steven Yu and Vincent Wang are the Shanghai-based practice heads and Jinrong Liu and Maggie Meng head the team from Beijing.

Key clients

HashKey Digital Asset Group

Primavera Capital

Linklogis Financial Group

Visa Inc.

Tencent

Sinovation Ventures

Xiaomi Group

Work highlights

  • Advised Primavera as the lead investor to invest in Lufax in its Series C financing.
  • Advised Linklogis in its Series C and Series C-1 financing.
  • Represented SDIC Intelligence in acquiring Meiya Pico (SZ. 300188) through share transfer and voting rights delegations with a consideration exceeding RMB 1.9 billion.

King & Wood Mallesons

King & Wood Mallesons has an effective cross-border practice and advises across a range of fintech matters, from regulatory and compliance, to product development, financings, and licensing. Key clients include Suning Financial Services, Shanghai Ouye Financial Information Service, and Welab. Shenzen-based Allen Zhong heads the practice and has a strong background in banking and cross-border financing deals. Fushen Chen and Leimin Yu are also noted.

Practice head(s):

Allen Zhong

Other key lawyers:

Fushen Chen; Yu Leimin; Yang Xiaoquan

Key clients

Suning Financial Services(Shanghai)Co., Ltd. (Suning FS)

Shanghai Ouye Financial Information Service Co., Ltd. (SH Ouye)

Welab

ZhongAn Virtual Finance Limited (ZAVFL)

China International Payment Service Corp (“CIPS”)

Payment Agencies(Pingan Fu, Alipay, Airwallex、Worldfirst、Flywire, Neat)

Work highlights

  • Assisted Suning Financial Services on its C round financing.
  • Advised Shanghai Ouye Financial Information Service in the design, drafting and consistent review and modification of the online procedure and operational business documentations of the supply chain finance platform.
  • Advised Welab on its application for the Hong Kong virtual bank license.