As one of the first China-headquartered firms to establish a presence in Hong Kong, Fangda Partners has, since it opened its doors in 2012, developed strong market credentials in core areas of focus for the firm as a whole, including high-end transactional and disputes work. Capital markets mandates are a real strength and the firm regularly advises Chinese issuers (including SOEs) and underwriters on Hong Kong listings and concurrent global offerings. ‘Very focused’ UK and Hong Kong-qualified partner Colin Law advises on many of these listings and global offerings, as well as being at the forefront of a considerable volume of public M&A and take-private matters. Christine Chen, who has a focus on international debt offerings and panda bond transactions, is pivotal to the firm’s success in the debt capital markets arena, where she is lauded for her ability to provide ‘practical and thoughtful solutions to complicated legal issues’. Michael Tam, who splits his time between Hong Kong and Shenzhen, heads up the firm’s energy infrastructure offering and has strong credentials handling development and project financing mandates, including assisting major Chinese power companies with their investments throughout Asia. Founding partner Peter Yuen leads the litigation function at the office and excels in handling conventional corporate and shareholder disputes, as well as cross-border international arbitration proceedings with a nexus to China.
PRC firms in Hong Kong in Hong Kong
Colin Law; Peter Yuen; Michael Tam
Other key lawyers:
Norman Zhong; Peter Chen; Xiao Jiang; Christine Chen; Raymond Chan; Wei Chen; Tianyi Chen; Mark Lehmkuhler; Arnold Pang; Olga Boltenko; Annie Shen; Christina Fu; Edward Bong; Arman Lie; Lawrence Wang; Xiaotong Jia; Alice Zhu; Howard Chan; Andrew Skudder; Joe Biqing Zhou; Helen Yuexiu Huang
‘It is very familiar with the nature of state-owned enterprises in mainland China and the business demands of state-owned enterprises, so it is very targeted when providing legal advice.’
‘Colin Law is very focused on grasping the key issues of the project.’
‘Christine Chen has in-depth experience in advising sophisticated international issuers on local law issues. She provides practical and thoughtful solutions to complicated legal issues, which is immensely helpful to the successful execution of cutting-edge debt offering transactions.’
‘Annie Shen has good business judgment and knows how to balance the execution rhythm of the project, especially in the communication with local state-owned enterprise customers, which is quite outstanding among the peers.’
Chaoju Eye Care Holdings Limited
China International Capital Corporation Hong Kong Securities Limited
HSBC Corporate Finance (Hong Kong) Limited
Shenwan Hongyuan (H.K.) Limited
Hungary (represented by Government Debt Management Agency Private Company Limited by Shares)
East Money Information Co., Ltd. and Hafoo Co., Ltd
Zhejiang Seaport International Co., Limited.
Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd.
Suez (Asia) Limited
VMS Investment Group Limited
China Create Capital Limited
Shenzhen Energy Group
The Hong Kong Airport Authority
Full-service PRC-based big-hitter JunHe LLP was one of the first Chinese law firms to establish in Hong Kong, and since opening in 2006 has successfully expanded beyond its initial core corporate finance and capital markets focus to also field expertise in banking, funds and M&A work. Alex Lee is appreciated by creditors and debtors (including SOEs, PRC and international banks and Hong Kong-listed companies) for his ability to bridge the gap between Western client needs and the unique commercial and cultural requirements of PRC stakeholders; he is also knowledgeable of both bank loan and debt financing matters. On the equity capital markets front, the firm has particular expertise advising issuers, underwriters and sponsors in connection with Chinese companies listing on the HKEX, including in the context of H-shares and red-chip listings. The office’s competence in relation to investment fund work was also recently enhanced by the arrival in January 2022 of the ‘commercially-minded’ David Wang from Maples Group, particularly benefitting from his down and upstream private equity expertise.
Other key lawyers:
Ke Zhang; Yurong Ye; Yuki Chan; Chris Tang; Alex Lee; Libin Shi; David Wang
‘Their ability to have both PRC expert capabilities while also understanding the western/HK business and legal environment is impressive.’
‘Alex Lee – Coming from a westernized background, he is the key in bridging me with other PRC specialists and services from his firm.’
‘David Wang is commercially minded, innovative and great with clients.’
Eric Chow & Co., in Association with Commerce & Finance Law Offices
The ‘young and proactive’ Hong Kong office of Red Circle firm Eric Chow & Co., in Association with Commerce & Finance Law Offices provides ‘pragmatic solutions’ to PRC clients on corporate finance matters, including as it relates to both inbound and outbound public and private M&A transactions. Hong Kong office founding partner Eric Chow is ‘very responsive and helpful’ and is at the forefront of many of the most significant transactions handled by the office. Priscilla Lee is ‘very approachable’ and provides a ‘hands-on’ service to clients across M&A matters, as well as advising on IPOs and DCM work. The arrival of Christy Leung from Winston & Strawn LLP in June 2022 adds litigation prowess to the offering, contributing her expertise in contentious regulatory matters and complex commercial disputes in the financial services sector.
Other key lawyers:
Priscilla Lee; Brandon Chow; Winnie Tang; Christy Leung
‘The young and proactive team provides pragmatic solutions to clients.’
‘Priscilla Lee is hands on and very approachable.’
‘Eric Chow and Brandon Chow are very responsive and helpful. They have good business acumen.’
Hubei Port (Hong Kong) International Limited
Ourgame International Holdings Limited
Inner Mongolia Fuyuan InternationalIndustrial (Group) Co. Ltd.
COSCO SHIPPING Holdings Co., Ltd.
Edvantage Group Holdings Limited
Cinese International Development Limited
Infinities Global Technology Limited Partnership
- Advised Hubei Port HK on the HK$1.98bn acquisition and unconditional mandatory cash offer of China Infrastructure & Logistics Group Ltd.
- Advised COSCO SHIPPING Holdings Co., Ltd, on its subsidiary’s Vessel Leasing Service Master Agreement with the lessor, namely, COSCO SHIPPING Development Group, for the leasing of 74 vessels with a total capacity of 581,603 TEUs under bareboat charter.
- Advised Inner Mongolia Fuyuan International Industrial (Group) Co. Ltd. on its merger with China Modern Dairy Holdings Ltd.
Han Kun Law Offices
Han Kun Law Offices ‘has rich experience in the Hong Kong stock capital market’, and regularly advises Chinese issuers on listings and IPOs on the HKSE. As well as local knowledge, the partners at the firm are all imbued with an excellent understanding of international issues gleaned from their previous roles at many high-profile US and UK firms. Formerly at Simpson Thacher & Bartlett LLP, Tao Li frequently takes the lead for Chinese issuers on Hong Kong IPOs, as well as handling work for international banks as underwriters. Ethle Tang also handles a considerable volume of ECM work, in addition to advising Chinese companies and funds on their strategic investments in Hong Kong-listed corporates. Although the office has a focus on transactional work, Adrian Yip adds litigation capabilities and is skilled at representing clients in shareholder disputes as well as internal investigations.
Other key lawyers:
Tao Li; Ethle Tang; Felix Miao; Adrian Yip
‘The team has rich experience in the Hong Kong stock capital market’.
‘Tao Li thinks about problems from the perspective of sponsors and helps solve problems in the listing process from multiple dimensions.’
Goldman Sachs (Asia) LLC.
Credit Suisse Securities (USA) LLC
UBS Securities Hong Kong Limited
BofA Merrill Lynch
Ganfeng Lithium Co., Ltd. (HK. 1772)
Kindstar Globalgene Technology, Inc.
Shanghai Conant Optical Co., Ltd.
Huzhou New City Investment Development Group Co., Ltd.
Zhejiang Tianzihu Industry Investment Co., Ltd.
CPE Greater China Enterprises Growth Fund
Suoxinda Holdings Limited
- Advised Chinese company Ganfeng Lithium Co. on its $615m placing to institutional investors.
- Represented Kindstar Globalgene Technology on its IPO and listing on the Main Board of The Stock Exchange of Hong Kong.
- Advised Shanghai Conant Optical in connection with its IPO in Hong Kong and Regulation S offering of an aggregate of 121,600,000 H shares, and the listing of such H shares on the Hong Kong Stock Exchange.
Tian Yuan Law Firm
Full-service China-based firm Tian Yuan Law Firm has a significant transactional offering out of Hong Kong and provides ‘pragmatic and solution-oriented’ advice to many mainland clients regarding offshore mandates. The team is accomplished at advising on corporate finance matters, with ECM work a particular strength. The firm is ‘familiar with the issuance and listing process in Hong Kong’, and under the leadership of Nan Li has gained a strong reputation advising China-based entities within new economy sectors (including the SaaS, healthcare and TMT industries) on their offshore listings and IPOs. On the DCM front, Ji Xiaodong has an excellent pedigree advising SOEs on the issuance of overseas bonds. Other work includes advice to Hong Kong-listed companies on M&A matters, as well as in the context of privatisations.
Nan Li; Ji Xiaodong
Other key lawyers:
William Ji; Liu Ning; Zheng Yilei; Charles Wang; Lindsay Gao; Isabelle Wu; Crystal Zhang; Jora Guo;
‘The firm is pragmatic and easy to work with.’
‘They are familiar with the issuance and listing process in Hong Kong.’
‘Very familiar with China’s regulatory policies and practical operations, able to creatively provide solutions for customers.‘
GUSHENGTANG HOLDINGS LIMITED
Chaoju Eye Care Holdings Limited
Strawbear Entertainment Group
Cheshi Holdings Limited
Zibuyu Group Limited
Gaush Meditech Ltd
Samoyed Cloud Technology Group Holdings Limited
Beijing Evercare Medical Technology Group Co., Ltd.
China DHgate Group Limited
Howkingtech International Holding limited
- Acted as the Hong Kong legal adviser of the joint sponsors, the joint global coordinators and the underwriters on Chinese ophthalmic medical service group, Chaoju Eye Care Holdings Limited’s listing on the Hong Kong Stock Exchange.
- Advised Chinese healthcare service provider, Gushengtang Holdings, on its listing on the Hong Kong Stock Exchange.
- Acted as Hong Kong legal adviser to Strawbear Entertainment Group on its global offering and listing on the Hong Kong Stock Exhange.
Zhong Lun Law Firm
Zhong Lun Law Firm has ‘a strong connection in the PRC and offers one-stop-shop service in Hong Kong’ across a range of contentious and non-contentious mandates, and is ‘brilliant in handling complicated cross-border matters’. While it also acts in commercial litigation, among other disciplines, the office has gained most acclaim for its ‘very strong private client offering’, which includes handling trusts, estate administration issues, tax work and succession planning matters, including for high-net-worth PRC individuals. ‘Seasoned and very experienced’ private client team head Clifford Ng takes the lead on most of this work and is also noted for his ability to provide ‘innovative and holistic solutions’ on matters with a nexus to Canada. Recently promoted partner Chloe Leung regularly works alongside Ng and is appreciated for her ‘hands-on’ approach and ability to provide ‘practical and strategic solutions’. On the litigation front, solicitor advocate Frederick Hui excels in handling commercial claims, while Dorothy Siron regularly handles private client disputes, including contentious trust, estate, matrimonial and probate matters.
Other key lawyers:
Clifford Ng; Frederick Hui; Dorothy Siron; Gilbert Leung; Jonathan Wong; Chloe Leung
‘The firm has a strong connection in the PRC and offers one-stop-shop service in Hong Kong.’
‘Zhong Lun’s litigation and private client teams are very strong. They also have an exceptional China presence. I work with them on a number of contentious cross-border matters including estate fights and they are very hands-on and easy to work with!’
‘Zhong Lun provides a broad range of legal services and excels in providing tax and trusts advice. They are brilliant in handling complicated cross-border matters, both contentious and non-contentious.’
‘Clifford Ng is seasoned and experienced. He is highly regarded in the private client realm.’
‘Clifford Ng is a top-tier lawyer and market leader in the private client field. He is very experienced and reliable and always provides top-notch, practical advice to clients.’
‘Clifford Ng is a well-known market leader in the private client industry. He is professional, experienced and is always able to offer innovative and holistic solutions to my clients.’
‘Chloe Leung stands out in the team. She was recently promoted as partner and is always approachable.’
‘Chloe Leung is brilliant, responsive and hands-on. She is very knowledgeable and gives thorough advice. She is quick to respond and provides practical and strategic solutions to legal problems.’