Commerce & Finance Law Offices > Beijing, China > Firm Profile

Commerce & Finance Law Offices
12-14th Floor, China World Office 2
No. 1 Jianguomenwai Avenue
BEIJING
100004
China

China > Dispute resolution: Litigation: PRC firms Tier 2

The litigation department at Commerce & Finance Law Offices is truly full service, advising on disputes relating to equity transfer, securities, real estate, torts and IP. The firm recently established a Chengdu practice (adding to its existing presence in Beijing, Shanghai and Shenzhen) thus increasing its offering to clients in Southwest China. Practice head Hongji Li, in addition to acting as an arbitrator for many of the leading arbitration institutions, advises clients on disputes relating to the maritime, international trade and corporate sectors. Qiang Cui is another key name and works extensively with the region’s largest financial institutions, including China Construction Bank and China Industrial Bank.

Practice head(s):

Hongji Li

Other key lawyers:

Qiang Cui; Jialu Wang; Xiaoming Guo

Testimonials

‘It is the most reassuring team in litigation, able to deliver the right solution at the moment the client needs it. All the team members are legal problem solvers. In recent years, the team strengthened its understanding of business logic and combined it with legal solutions so that clients can feel their sincerity in service. Professional/focus is their advantage, and flexible fee arrangement for clients further distinguishes them from other peers, and is definitely our preferred partner.’

‘Hongji Li and Qiang Cui are able to provide the most suitable solution. They are not only legal service providers but also business partners and consultants who can be absolutely trusted.’

‘The team has strong cooperation ability, clear division of labour, and can quickly complete a job through mutual knowledge. In addition, the team is very professional with rich practical experience. All team members are proficient in analysing and solving legal problems and is able to simplify complex problems. Both legal clients and non-legal clients can quickly get the idea of solving problems through communication with the team.’

‘Commerce & Finance is able to dispatch resources to solve various legal problems, understand client needs and ensure business continuity.’

‘Jialu Wang is good at communication and provides a good service.’

The team members are a combination of old and young. Case charges are appropriate, which will be based on the complexity and workload-specific judgement, and will never ask for exorbitant prices. In recent years, more attention has been paid to the combination of litigation cases and business logic, and legal solutions based on commercial rationality and the best business arrangements have been designed. They are not only external litigators but also very good business cooperation consultants.’

Key clients

Vanke Real Estate Co., Ltd.

Shiji Heguang technology development (Beijing) Co., Ltd.

Xing Jinhai

China Construction Bank

Shenzhen 3nod Electronic Co., Ltd.

Beijing Founder Century Information System Co., Ltd.

China National Offshore Oil Corporation

Inner Mongolia Shuangxin Energy and Chemical Co., Ltd.

Teddy Mobile Technology Ltd., Co.

Xinhua Bookstore

Work highlights

  • Representing Vanke and its subsidiary in a series of real estate disputes in front of multiple courts including the Supreme People’s Court.
  • Representing CCB’s subsidiary, CCB Trust, in a dispute arising from the first state-owned-enterprise default in China’s bond market in history.
  • Representing CNOOC in a Sino-Foreign joint venture dispute.

China > Tax: PRC firms Tier 2

Commerce & Finance Law Offices’s tax practice is now led by Robbie Chen, who joined the firm in May 2021 from Yuanda, and continues to advise on the tax aspects of real estate transactions, capital markets matters, and M&A deals. The team counts multinationals amongst its client base, assisting them with tax issues associated with entering and exiting the Chinese market. The practice also provides advice on customs matters, such as responding to audits by Chinese authorities. Kun Liu is another name to note and specialises in tax planning and family wealth management.

Practice head(s):

Robbie Chen

Other key lawyers:

Testimonials

‘Robbie Chen has a wealth of experience in the tax field and a very diverse background that enables him to provide clients with one-stop tax services. He has also achieved impressive things in the wealth planning field and is very good at providing clients with services such as trust planning.’

Key clients

Genting Resorts Secret Garden

JUUL Labs, Inc.

Work highlights

  • Advised Genting Group on tax structuring of the RMB 650 million sales of real estate project in Zhangjiakou, China.
  • Advised JUUL on designing and implementing the China organizational structure and business operation in Shanghai, Suzhou and Shenzhen.

China > Capital markets: PRC firms Tier 3

Operating from Beijing and Shanghai, Commerce & Finance Law Offices has a niche in assisting foreign companies with the acquisition of Chinese enterprises through financing from international capital markets, but is active in a range of other areas including pre-IPO restructuring, public listings, refinancing and public M&A. The team is regularly instructed on listings in Hong Kong and cross-border bond issuances. Xin Kong, who leads the team alongside Xiaoman Zhang, Haitao Jiang and Zilong Song, is one of the most experienced names in the sector and assists companies in the real estate sector with debt issuances.

Other key lawyers:

Bo Wang; Rui Chen; Gong Jie; Huaiwang Chen; Gang Wu

Testimonials

‘They are able to provide seamless communication, solving problems in a timely manner.’

Haitao Jiang can accurately understand client needs.’

Bo Wang, Rui Chen, Jie Gong and Huaiwang Chen are excellent with regards to their professionalism and close cooperation.’

Key clients

First Service Holding Limited

AdTiger Corporations Limited

ESR Cayman Limited

Guizhou Branch of Agricultural Bank of China

Yunnan Branch of Agricultural Bank of China

ZHEJIANG ZOENN DESIGN CO., LTD

China International Capital Corporation Limited

Hangzhou Alltest Biotech Co., Ltd.

Bestway Marine & Energy Technology Co., Ltd.

Zhejiang Wolwo Bio-Pharmaceutical Co., Ltd.

Weichai Holding Group Co. Ltd

China Bohai Bank Co., Ltd.

Zhaoke Ophthalmology Limited

JHBP (CY) Holdings Limited

Honliv Healthcare Management Group Company Limited

Shenzhen Hepalink Pharmaceutical Group Co., Ltd.

Kohlberg Kravis Roberts & Co. L.P.

Zai Lab Limited

JOINN Laboratories (China) Co., Ltd.

Suzhou Basecare Medical Corporation Limited

Antengene Corporation Limited

Adagene Inc.

GL Capital

Li Ning Company Limited

YF Capital

Evergrande Property Services Group Limited

SHIMAO SERVICES HOLDINGS LIMITED

Morgan Stanley & Co. International plc、China International Capital Corporation Hong Kong Securities Limited、The Hongkong and Shanghai Banking Corporation Limited、BNP Paribas

China International Capital Corporation Hong Kong Securities Limited Goldman Sachs (Asia) L.L.C. Credit Suisse (Hong Kong) Limited

Sunac Services Holdings Limited

NIO

Boqii Holding Limited

Dada Nexus Limited

Bilibili Inc.

Smart Share Global Limited

Hongta Securities Co., Ltd.

IAT Automobile Technology Co., Ltd.

Henan Shuanghui Investment & Development Co.,Ltd.

Chongqing Baiya Sanitary Products Co., Ltd.

First Capital Securities Co., Ltd.

Ningbo Zhoushan Port Company Limited

Quhuo Limited

Strawbear Entertainment Group

Yum China Holdings, Inc.

WEILONG DELICIOUS GLOBAL HOLDINGS LTD

Green Tea Group Limited

Work highlights

  • Advised Yunnan Branch of Agricultural Bank of China on the issuance of project income special bonds.
  • Advised Guizhou Branch of Agricultural Bank of China on the issuance of project income special bonds.
  • Advised Linklogis Inc. on its listing on the Main Board of the Hong Kong Stock Exchange.

China > Dispute resolution: Arbitration: PRC firms Tier 3

One of China’s most established full-service firms, Commerce & Finance Law Offices has a solid arbitration practice that is active in many industry sectors, though it is particularly strong in construction, equity transfer and securities disputes. A number of team members, including Qiang Cui, are frequently appointed arbitrators of main domestic and foreign arbitration institutions including CIETAC, BAC, SHIAC, SIAC, HKIAC, and the team works with both private companies and state-owned enterprises. Hongji Li and Jialu Wang lead the Beijing team; the Shenzhen department is managed by Xiaoming Guo.

Practice head(s):

Hongji Li; Jialu Wang; Xiaoming Guo

Other key lawyers:

Testimonials

‘The team members are a combination of old and young. Case charges are appropriate, which will be based on the complexity and workload-specific judgement, and will never ask for exorbitant prices. In recent years, more attention has been paid to the combination of litigation cases and business logic, and legal solutions based on commercial rationality and the best business arrangements have been designed.’

‘Hongji Li and Qiang Cui are very good partners because they are able to develop personalized designs for case plans based on commercial purposes and consider more on client demands rather than lawyer income.’

‘The team has strong cooperation ability, clear division of labour, and can quickly complete a job through mutual knowledge. In addition, the team is very professional with rich practical experience and great capability in analysing and solving legal problems, and is able to simplify complex problems. Both legal clients and non-legal clients can quickly get the idea of solving problems through communication with the team.’

China > Corporate and M&A: PRC firms Tier 4

Commerce & Finance Law Offices steers its clients through major mergers, acquisitions, asset transactions and reorganisations, paying close attention to transaction structuring, due diligence, negotiations and regulatory considerations. The practice is headed from Beijing by Xiaoman Zhang and also specialises in integration and mixed-ownership reform in addition to the formation of state-owned capital management and operation companies.

Practice head(s):

Other key lawyers:

Key clients

Weichai Holding Group Co. Ltd

Weichai Power Co., Ltd.

Tsinghua Holdings Co., Ltd.

CK Asset Holdings Limited

Work highlights

  • Advised Weichai Holding Group Co. Ltd on acquisition of Lovol Heavy Industry.
  • Advised Weichai Power Co., Ltd. on acquisition of Weifang Shengrui transmission Co., Ltd.
  • Advised Tsinghua Holdings Co., Ltd. on the reform of The Affiliated Anterprises of Tsinghua University.

China > Intellectual property: PRC firms Tier 4

China > Private equity: PRC firms Tier 4

Commerce & Finance Law Offices focuses on VC investment work, advising a range of innovative start-up companies and funds on transactions at all stages of a company’s lifecycle, from early-stage financing, through to pre-IPO investment. On the private equity side, the group has worked with numerous global investment banks and private equity houses on their dealings in China. Lingyun Dai manages the practice which also includes Xinyang Zhang who focuses on China's New Economy industry including e-commerce, AI, big data, cloud computing, IoT, new retail, and e-Healthcare.

Practice head(s):

Lingyun Dai

Other key lawyers:

Xinyang Zhang; Jianhai Luan; Haitao Jiang

Key clients

Keep Inc.

Fiture Inc.

Shenzhen SF Express Co., Ltd.

Geekplus Technology Co., Ltd.

Shenzhen Far East Obstetrics&Gynecology Hospital

Beijing Zhangshang Xianji Network Technology Co., Ltd.

3H Health Investment

Shanghai Duoning Biological Technology Co.,Ltd.

Beijing Surgerii Technology Co., Ltd.

LBC sunshine healthcare fund II L.P. (Lake Bleu Capital)

Dianwang (Cayman) Inc.

Work highlights

  • Advised Keep Inc. on a Series F financing totalling $355m.
  • Advising Fiture Inc. on financing transactions.
  • Advised Shenzhen SF Express Co., Ltd. on a restructuring project and $300m financing.

China > Private wealth: PRC firms

Under the leadership of Kun Liu, Commerce & Finance Law Offices provides comprehensive advice on private wealth issues. The practice specialises in advising high-net-worth individuals, particularly owners of family businesses, on succession planning and the establishment of trusts. The team is also experienced at advising clients with overseas assets.

Practice head(s):

Kun Liu

Other key lawyers:

Miaomiao Chen

Testimonials

‘Kun Liu’s team is the leading team in the private wealth management sector and is particularly adept at overseas family trust-related legal services. They are able to properly take into account the critical importance of company owners to family inheritance and company development, and provide solutions that have great practical significance. They have excellent and reliable professional capabilities, as well as a very good understanding of business. Their work attitude is also realistic, dependable and detail-oriented, with a good sense of the importance of time, making them good at providing creative solutions to complex legal problems.’

‘Kun Liu is the most outstanding lawyer in the private wealth management field that we have worked with. Kun Liu has a wealth of practical experience in the overseas family trust sector, enabling them to genuinely understand client needs and quickly identify legal risks, and thereby propose targeted solutions. After numerous comparisons with other lawyers, we found that Kun Liu’s legal advice is always more focused, specific and consistent with client requirements, with the result that she has earned the admiration of business owners.’

‘The team has impressive abilities and an excellent level of professional expertise and practical legal experience in establishing overseas family trusts. Their client services offer responsiveness, sensitivity and good communication, as well as a good client experience. The team is able to provide constructive legal advice. They have a very broad business perspective and deep understanding of business issues, giving them a strong awareness of the importance of family inheritance needs and company business development to overseas trusts. They also have a thorough understanding of industry development trends and provide highly effective advice for business development. The way they work is very conscientious and responsible with strong attention to detail, enabling them to solve complex legal problems with creative solutions.’

‘Kun Liu has a very high standard of professional expertise, a very good attitude to service, and a high level of work efficiency. Kun Liu has a wealth of practical experience and outstanding professional capabilities in the overseas family trust sector, enabling her to quickly and accurately identify legal risks and provide targeted solutions. Kun Liu is always able to analyse legal issues from the perspective of family inheritance, market listing compliance requirements and company business development. She has a genuine understanding of what clients actually need and patiently explains the details of solutions, as well as ensuring that sufficient personnel are allocated and work progresses in an efficient manner.’

‘Commerce & Finance Law Offices is one of the leading Chinese Law Firm that has great knowledge and ample experience in providing offshore trust advisory services in particular IPO and ESOP trust structuring. I have worked with many PRC professional intermediaries in providing Private Wealth services, I would consider them to be the best and the only PRC professional that can help to set up an offshore trust to hold A shares.’

‘Kun Liu, who leads a strong team of Private Wealth / Trust services, is one of the limited number of PRC professionals with a high-level knowledge of trusts and offshore restructuring. She has a good understanding of different trust jurisdictions, Bank Trustees Vs Independent Trustees and how best to choose the right trust company for her clients. Lawyer Chen Miaomiao works with lawyer Kun Liu to expand the Private Wealth services and she too is one of the top PRC professionals in private wealth and trust industry.’

‘The team has a very high level of professional expertise, as well as extensive practical experience of wealth management and a unique understanding of business. During the course of providing services, the team demonstrated an excellent attitude and a sharp awareness of business issues, enabling them to proactively identify problems, consider our company’s actual situation, and give constructive opinions and creative solutions. During the process of delivering services, the team showed great attention to detail and improved our implementation efficiency in terms of issues from the allocation of personnel to the optimisation of solutions, thereby saving our company a lot of time and money.’

‘Kun Liu is professional, conscientious, and has a very strong sense of responsibility. Kun Liu carefully considered the actual position of the company, thoroughly communicated the details of the plans, formulated flexible solutions, and provided the company with constructive advice for the development of our business. Her team is very sensibly structured and the team members exhibit very clear thinking, an impressive service attitude, and great attention to detail.’

China > Data protection: PRC firms

Commerce & Finance Law Offices advises a number of international brands, such as cosmetics company Estee Lauder, on the requirements of Chinese data protection regulation.

Commerce & Finance Law Offices (“Tongshang”) is one of the first truly private partnership and of the best commercial law firms in China. Founded in 1992, Tongshang has steadily built up its well-recognized practice and reputation in Capital Markets, Corporate/M&A, Private Equity, Dispute Resolution, Banking & Finance, New Economy (TMT, Healthcare and Education), Competition & Antitrust, Investment Fund, Restructuring & Insolvency, Regulatory, Labor and Employment, Wealth Management, Real Estate & Construction and Intellectual Property. Tongshang dedicated to providing advice and expertise at the highest levels.

Commerce & Finance Law Offices is one of the eight “red circle” law firms in China. Since its establishment, it has been focusing on major industries in the world, and has deeply involved in the legal service market. Accordingly, it has created several major projects with extensive market influence that have changed and reshaped the industry structure, and is thus highly recognized both in and outside the industry: it is one of the legal advisors who are most frequently engaged in overseas listing projects, in which it not only serves as the legal advisor to the issuers, but also the Chinese legal adviser of the underwriters; moreover, it is also one of the law firms who have participated in the largest number of projects for Chinese companies to go public overseas.

Commerce & Finance has steadily built up its practice and reputation. At present, it has branch offices in Beijing, Shanghai, Shenzhen, Hong Kong, Chengdu, Hangzhou and Wuhan, with more than 700 professionals in C&F, including more than 100 partners and more than 500 attorneys and paralegals. All attorneys in C&F graduated from top-ranking universities in China; in particular, a number of them have obtained doctoral and master’s degrees from prestigious law schools in the United States, Canada, and the United Kingdom, and have internship or work experience in law firms in the UK, the US, Canada, Japan or Hong Kong respectively.

Most firms provide legal advice, we deliver business solutions.

DepartmentNameEmailTelephone
Corporate and M&A Xiaoman Zhang
Corporate and M&A Gang Wu
Real estate and construction Jialu Wang
Real estate and construction Fengliang Liu
Capital markets Li Cheng
Capital markets Xin Kong
Acquisition and private equity financing Qinghai Hou
Acquisition and private equity financing Bo Wang
Outbound investment Xiaoman Zhang
Outbound investment Gang Wu
Banking and finance Xuerong Hu
Banking and finance Wei Chen
Intellectual property Jialu Wang
Dispute resolution Hongji Li
Dispute resolution Jialu Wang
Private equity Xinyang Zhang
Private equity Lingyun Dai
Corporate compliance Yi Zheng
Corporate compliance Xiaofei Xu
Labour Hongji Li
Labour Jialu Wang
Tax Zhou Ma
Tax Xiaoman Zhang
Project financing Jialu Wang
Project financing Xiaoguang Lu
Number of partners : 101
Number of lawyers : 500+
English
Mandarin
Cantonese
German
Japanese
Website : www.tongshang.com
WeChat : tongshanglaw

CLIENT: Wenqian Zhu
COMPANY/FIRM: Meituan Dianping Inc.
TESTIMONIAL: Commerce & Finance Law Offices (“Tongshang”) handled a series of complex and innovative projects for Meituan Dianping, including multiple asset sales projects and mergers and acquisitions projects.

In the absence of industry precedent and under the circumstance of uncertain regulatory policies, Tongshang provided us with practical and effective business solutions, which maximized commercial benefits for us in the projects, and achieved efficient and smooth closing of the projects.

Lawyers of Tongshang have flexible business thinking and a solid legal background. When dealing with many cutting-edge and innovative issues in the new economic field, they can always provide feasible solutions with business insights in a timely manner. Tongshang is our first-choice law firm.


CLIENT: Hongyi Jia
COMPANY/FIRM: Beijing Kuaishou Technology Co., Ltd.
TESTIMONIAL: Lawyers of Commerce & Finance Law Offices (“Tongshang”) are knowledgeable, experienced, and highly qualified. Tongshang is one of the most outstanding law firms in the field of capital market, investment and mergers & acquisitions. Tongshang is a trusted partner, and one of our top law firms for investment and mergers & acquisitions projects.

Tongshang always puts the needs of clients first. Tongshang and its lawyers have outstanding and comprehensive capabilities. They can always view from the perspective of client’s commercial purpose and are good at combining law with accounting, taxation, and financial methods to provide clients with compliance, efficiency and professional legal solutions. We highly recognize the rich experience in the field of capital market of Tongshang.


CLIENT: Junguang Xiao
COMPANY/FIRM: COSCO SHIPPING Holdings Co., Ltd.
TESTIMONIAL: Commerce & Finance Law Offices (“Tongshang”) has been serving COSCO for more than ten years. All major capital restructurings, investment mergers & acquisitions and other capital operations of COSCO have been participated and led by Tongshang and its lawyer. Lawyers of Tongshang have a wealth of knowledge, superb legal skills, and is proficient in domestic and overseas listings and related mergers & acquisitions. Tongshang and its lawyer are very innovative and are good at global structural design. They are thoughtful and can quickly understand what customers want. During the implementation of the projects, they paid great attention to practical operations, effectively escorted the company with their deep understanding of laws and policies.


CLIENT: Liwen Zhang
COMPANY/FIRM: Shuanghui Development Co., Ltd.
TESTIMONIAL: Commerce & Finance Law Offices (“Tongshang”) has a very deep understanding of the business model and business philosophy of the consumer in the field of goods industry. At the same time, Tongshang and its lawyer also have a keen sense of the regulatory policies and wind direction of this industry, which allows them to execute the project efficiently and accurately, fully consider the legal concerns in each stage of the project and the entire growth process of the enterprise in time, handle the problem through creative transaction structures and provide brilliant legal service solutions. We believe that Tongshang and its lawyers are rare mentors and friends in the development of our company.


CLIENT: Hongwei Wang
COMPANY/FIRM: CCB International (Holdings) Co., Ltd.
TESTIMONIAL: Lawyers of Commerce & Finance Law Offices (“Tongshang”) have a rigorous work style and a strong sense of responsibility. We highly recognise them for their professionalism. Lawyers of Tongshang always devoted to and deliberate on cases. Facing the unfavorable situation of major changes in judicial interpretation, Tongshang lawyers have neither shown fear nor shirk responsibility, they are always full of confidence and fighting spirit, regarding difficulties as a challenge and remaining calm. At the same time, Tongshang also helped us adjust our mentality and change our litigation strategy in a timely manner, which gave us great confidence. Tongshang can always accurately grasp the direction of the case and propose a reliable litigation solution.


CLIENT: Ya’nan Wang
COMPANY/FIRM: Century 21
TESTIMONIAL: Lawyers of Commerce & Finance Law Offices (“Tongshang”) are experts in commercial dispute resolution, they can quickly become familiar with the client’s business model, understand the business logic behind and put forward unique and pragmatic solutions based on the specific situation of our company. In response to the disputes, Tongshang lawyers was able to quickly find the key points to solve the problem and propose effective solutions for us. Based on years of experience in commercial dispute resolution, Tongshang assists us in our business negotiations. Often, Tongshang lawyers can use their excellent negotiation skills to help us achieve our goals and obtain maximum benefits at the lowest cost.