Firms To Watch: Fintech: PRC firms

JunHe LLP acts for telecoms and internet service providers in M&A transactions, financing, and restructurings, with further expertise in blockchain design.
Shihui Partners advises on financing, restructuring and foreign investment plans for a variety of investors and technology companies.

Fintech: PRC firms in China

Han Kun Law Offices

With broad experience handling matters in the technology industry, Han Kun Law Offices provides a service offering characterized by particular expertise within fintech products, including P2P lending, payment and crowdfunding solutions. Notable figures in the team include Beijing-based Jun Zhu, who has experience in asset securitisation and insurance fund management, regularly advising clients in their development of innovative financial products, and Felix Miao, working out of the firm’s Hong Kong office and with extensive experience acting in equity and debt capital market transactions. In Shanghai, Wei Quan specialises in the development of financial products in relation to consumer finance, supply chain finance, payment services and applying for financial licenses.

Other key lawyers:

Jun Zhu; Felix Miao; Wei Quan

Key clients

HSBC Fintech

Futu

Bitmain

Waterdrop

Tencent Financial Technology

Xueqiu

Infast Brokerage

AI Bank

WeBank

XWBank

Xiaomi Consumer Finance

Sunshine Consumer Finance

CITIC Consumer Finance

Airwallex

Xiaomi Supply Chain Finance

Xiaomi Commercial Factoring

Lexin

Duxiaoman Financials

Bytedance

Wejoy Future

JDD

Sougou

SMY Financial

Juzi Financial

Longbridge

9Fbank

Meituan Finance

Lianjia

Yixin

Xiaoying

Work highlights

  • Assisting Tencent Financial Technology in its financial regulatory matters.
  • Assisting HSBC Fintech with the establishment of its PRC fintech platform and business model.
  • Assisting AI Bank with financial regulatory matters.

King & Wood Mallesons

King & Wood Mallesons‘ 11-partner team impresses in matters relating to capital markets as well as in financing, corporate, M&A, IP and broader regulatory issues when acting for high-profile clients such as Huawei, Sinopec, and Lufax Holding. It continues to advise Ant Group on blockchain and payment mechanisms. The team is co-headed by Leimin Yu in Shanghai, who has experience acting for leading internet companies in M&A, cross-border internet payments, blockchain application, cybersecurity, and regulatory matters applicable to operations in China, and Shenzhen-based Xin Zhong who is adept in domestic and cross-border transactions in the fintech space. Other key names to note include Shanghai-based Fushen Chen, an expert in entry to internet finance, and Rong Wang, noted for financial regulation and compliance advice.

Practice head(s):

Leimin Yu; Xin Zhong

Other key lawyers:

Fushen Chen; Rong Wang; Guangrui Fu; Fushen Chen

Key clients

Digital Currency Research Institute of the People’s Bank of China

Huawei Technologies

Ant Group

Sinopec

Hangyin Consumer Finance

Lufax Holding

Singapore Exchange

Taulia

Goldwind International

Shenzhen Apple Tree Data Technology

Sany Heavy Industry

Shenzhen Tengyin Information Consulting

Webank

Du Xiaoman Finance

Meituan Group

Work highlights

  • Advising the Digital Currency Research Institute of the People’s Bank of China for the digital RMB business.
  • Providing long-term legal advisory services for the Fintech business of Huawei Technologies.
  • Advised Taulia on its entry into the China market.

Zhong Lun Law Firm

With an impressive roster of clients in the banking and technology sectors, Zhong Lun Law Firm is often involved in a range of high-profile M&A and IPO transactions. Its experience also extends to digital transformation projects, with a wider focus on compliance issues applicable to financial products. Leadership of the team is divided between Scott Yu and Zhisong He, co-heading the financial services practice, and Xinyu Liu, leading the financial innovation & fintech industry group, and often handling product design and innovation for high-profile clients. Shanghai-based Xinyu Liu is another key contact, noted for his advice on data and privacy protection, and the design of innovative products in the financial sector.

Practice head(s):

Xinyu Liu; Scott Yu; Zhisong He

Key clients

Shanghai Minhang Financial Service Office

Meituan

Hellobike

Ins. For Renascence

Kincheng Bank of Tianjin

Baby Pay

Xiamen International Bank

Bank of China Financial Technology

Work highlights

  • Assisted the Shanghai Minhang Financial Service Office with its financial supervision by conducting inspections on regulated financial enterprises and issuing inspection reports.
  • Advised the financial sector of Meituan on its compliance assessment of financial products and business models.
  • Assisted Hellobike in evaluating the risk and legitimacy of a new fintech-related business model.

DaHui Lawyers

Leveraging its exposure to major PRC regulators, DaHui Lawyers advises a broad range of clients on navigating payment license regimes and structuring payment solutions. Managing partner Richard Ma who is active in market entry and restructuring, leads the practice alongside Beijing-based Brendon Wu who focuses on advising PE and VC funds on various investments in the region. Complementing the firm’s private equity practice is Zheng Zha, noted for his work on cross-border investments, while Cloud Li is a key contact for fund formation. The team saw the hire of Greg Guo from Fangda Partners in April 2022; Guo focuses on capital markets, M&A and private equity mandates.

Practice head(s):

Richard Ma; Brendon Wu 

Other key lawyers:

Cloud Li; Zheng Zha; Greg Guo

Fangda Partners

Fangda Partners is noted for advising a range of international and local clients on M&A, private equity, restructuring, data protection, and venture capital transactions. The team is jointly led by Amanda Zhou, Chen Bao, and Kate Yin, and Shanghai-based Jian Fang and Zhiyi Ren. Yin is particularly focused on regulatory compliance matters with a cross-border element, while Fang advises international corporations, financial institutions and private equity firms on investments and operations in China. Ren is also active in cross-border investments, having recently acted for HSBC Fintech WFOE in obtaining an EDI license.

Other key lawyers:

Jack Li; Patrick Guo

Key clients

Kingsoft Cloud Holdings

Asiainfo Technologies

Hundsun Technologies

GienTech Technology

HSBC

SAXO Bank

Ant Group

BitUniverse

Taikang Life Insurance

Warburg Pincus

Central Huijin Investment

Global Law Office

Global Law Office handles contentious and non-contentious matters including high-value financing, private equity and venture capital investment, with further expertise in matters involving face recognition, e-payments and virtual currency. It recently advised CMB International, CCB International and YONXI Securities in an offering of senior notes amounting to $150m, extending to their listing on the Hong Kong Stock Exchange. The team is jointly led between Maggie Meng and Meph Jia Gui in Beijing and Vincent Wang and Steven Yu in Shanghai. Meng, who is a data protection and privacy expert, is particularly regarded for her regulatory advice across the TMT sector; Wang’s practice focuses on emerging technologies such as AI, blockchain, and cloud computing; Yu is further noted for investments in China-based TMT companies by private equity and VC funds at a domestic and foreign level, as well as regulatory, licensing and compliance issues.

Key clients

CMB International

CCB International

YONXI Securities

BAIJIAYUN.com

LianLian Pay

ZTE Corporation

Xiaomi Industry Fund and Shunwei Capital

Star&Cloud Technology

YF Capital

New Economic and Financial Bureau of Jinjiang District, Chengdu City

Western Union

Trifo

Work highlights

  • Advised BAIJIAYUN.com on its RMB300m series C equity financing.
  • Assisted Xiaomi Industry Fund and Shunwei Capital in investment in DataStory.

Zhao Sheng Law Firm

Benefiting from its joint operation with Linklaters, Zhao Sheng Law Firm is highly regarded for its financial regulatory and corporate advice, acting on cross-border transactions as well as data privacy compliance issues. Practice head Colette Pan specialises in advising private equity firms and multinational companies on their investments and operations in mainland China, with further expertise in relevant data protection issues. Managing associate Ningying Bao specialises in cross-border M&A transactions and regulatory matters in the financial sector. All named lawyers are based in Shanghai.

Practice head(s):

Colette Pan

Other key lawyers:

Ningying Bao